Indiana Chamber of Commerce

Your 2012 Legislative Return on Investment

Learn what the Indiana Chamber's lobbying efforts at the Statehouse mean to your wallet. In 2012, the Chamber aggressively advocated for and succeeded with public policies that will have a lasting positive impact on the state's economy and Hoosiers' quality of life. Chief among them: making Indiana the 23rd right-to-work state, opening up the doors to countless more economic development opportunities and jobs; implementing a statewide smoking ban; and ultimately phasing out the state's inheritance tax, while also significantly increasing the amount excluded from the tax in the interim. 

In total, the Chamber’s work yielded savings of $865 million for Hoosier businesses OR $355 per employee. Specific savings are listed below by bill and issue area, in total and per employee.

Business Savings
$865 million or $355 per employee

Civil Justice
Defeated - Limiting consideration of collateral payments (SB 87) $20 million; $8.21/employee
Defeated - Expanding casualty coverage for some intentional acts (SB 239) $15 million; $6.16/employee
Defeated - Encouraging lawsuits over insurance claims (SB 245)  $10 million; $4.10/employee
Defeated - Furthering third party funding of lawsuits (SB 5)   $10 million; $4.10/employee

Employment and Labor
Making Indiana a right-to-work state (HEA 1001)       $400 million; $164.14/employee


Energy and Environment
Protection of underground water rights and long-term
water plan (SEA 132)  
$65 million; $26.67/employee
Promotion of greater environmental certainty for business operations (various bills)  $40 million; $16.41/employee
Defeated - Additional fees, utility costs and unnecessary compliance requirements (various bills) $30 million; $12.31/employee

Health Care and Insurance
Implementing a statewide smoking ban (HEA 1149)      $120 million; $49.24/employee
Defeated - Undermining cost savings associated with PPOs (SB 303)    $35 million; $14.36/employee
Defeated - Dictating treatment and prescriptions (SB 335) $5 million; $2.05/employee

Tax and Public Finance
Phasing out the state's inheritance tax (SEA 293)       $70 million; $28.73/employee
Moving to cyclical property reassessment  (SEA 19)     $20 million; $8.21/employee
Adjustments to public works project bidding (HEA 1154)      $15 million; $6.16/employee
Personal property exemption for high tech data centers (SEA 302)     $15 million; $6.16/employee

Total Savings for Indiana Business:  $865 Million
Total Savings Per Employee:               $355

Your Return on Investment
10 employees = savings of $3,550
25 employees = savings of $8,875
50 employees = savings of $17,750
100 employees = savings of $35,500
200 employees = savings of $71,000
500 employees = savings of $177,500

Plus the Value of Local Government Reforms:
The Indiana 
Chamber has remained steadfast in pursuing the recommended local government reforms outlined in the 2007 Kernan-Shepard report, and our efforts continue to pay off in gradual increments. This year we saw improvements -- albeit unquantifiable -- in accountability through new laws addressing conflicts of interest and nepotism.

IMPORTANT NOTES: Business impact calculations are based on fiscal impact estimates of the Legislative Services Agency, independent studies, other available data and research materials, and
Indiana Chamber analysis. Business impact per employee is calculated by using the estimated number of employed workers statewide in February 2012 (2,436,900).

 
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