Providing relief to small business personal property tax filers and the development of a statewide publicly-funded preschool program headline the Indiana Chamber's Top 7 priorities for the 2015 legislative session.
The Indiana Chamber proposes exempting the bottom half of all business personal property tax filers from having to go through the process. This group, while approximately 150,000 strong, pays only 1% of the total tax collected. The organization’s president and CEO, Kevin Brinegar, says the math simply doesn’t add up for the businesses or local governments to make it worthwhile.
“These small businesses have to do extensive inventory on their machinery and equipment, and then prepare and file the tax return. That usually means they have to hire someone to guide them in this effort. All for a tax that, in the end, amounts to between $10 and $50 for most small businesses,” he explains.
“For local government, it’s a similar story: People have to process all of these tax returns and audit a portion of them. That takes time, costs money and diverts attention from other more productive activities.”
Education is also top of mind, with three of the organization’s seven priorities coming in this area.
Brinegar believes making significant improvements to the state's educational levels will remain challenging as long as large numbers of children are entering kindergarten unprepared for school.
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