News From Terre Haute, Indiana

Indiana Legislature

January 21, 2014

Senate panel approves Indiana business tax cut bill

INDIANAPOLIS (AP) — The Indiana’s Senate tax committee has approved a series of tax cuts designed to aid Indiana businesses.

The committee voted today to eliminate the property tax on equipment for small businesses and further cut the state’s corporate income tax. The measure was crafted as an alternative to a House Republican plan that would allow counties to waive the business tax on new investments.

Republican Gov. Mike Pence called for the elimination of the business equipment tax when delivering his legislative agenda last month. But an outcry arose from local leaders who expected to bear the $1 billion price tag.

Pence budget chief Chris Atkins announced the governor’s support for the Senate plan today. Atkins said last week the governor was also supporting the House plan.

 

1
Text Only | Photo Reprints
Indiana Legislature
Latest News
TribStar.com Poll
AP Video
Raw: Fatal Ferry Boat Accident Raw: Ferry Sinks Off South Korean Coast Raw: Kan. Shooting Suspect Faces Judge Ukraine: Military Recaptures Eastern Airport Today in History for April 16th Tributes Mark Boston Bombing Anniversary Raw: Storm Topples RVs Near Miss. Gulf Coast NASA Showcases Lunar Eclipse Are School Dress Codes Too Strict? Pistorius Cries During Final Cross-Examination Raw: Horse Jumping Inspires 'Bunny Hop' India's Transgenders Celebrate Historic Ruling At Boston Marathon, a Chance to Finally Finish Freeze Leaves Florida Panhandle With Dead Trees Town, Victims Remember Texas Blast Suspicious Bags Found Near Marathon Finish Line US Supports Ukraine's Efforts to Calm Tensions Suspect in Kansas Shootings Faces Murder Charges Michael Phelps Set to Come Out of Retirement First Women Move to Army Platoon Artillery Jobs
NDN Video
Parade
Magazine

Click HERE to read all your Parade favorites including Hollywood Wire, Celebrity interviews and photo galleries, Food recipes and cooking tips, Games and lots more.
  • -

     

    March 12, 2010

activity