(INDIANAPOLIS) — House Republicans today announced details on property tax relief that includes reforms to the business personal property tax. Indiana Chamber President and CEO Vanessa Green Sinders comments:
“Indiana’s business personal property tax has long been an impediment to growth, penalizing investment and placing our employers at a disadvantage compared to those in neighboring states. The reforms announced today represent meaningful progress toward a more modern, competitive tax structure.
“Our analysis with Ernst & Young found that eliminating the tax on new equipment could yield up to $3.1 billion in state GDP growth and create thousands of jobs. This is a smart, forward-looking policy decision that will benefit businesses across the state and support continued investment in Indiana’s economy. We commend legislative leaders for their work to improve the competitiveness of our tax climate.”
NOTE: The Indiana Chamber’s public affairs team is available for interviews on policy matters and pending legislation. Please reach out to Matt Ottinger at mottinger@indianachamber.com or (317) 264-7541 with requests.
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The Indiana Chamber partners with 25,000 members and investors – representing over four million Hoosiers – to achieve the mission of “cultivating a world-class environment which provides economic opportunity and prosperity.”
