State Forecast Signals Slower Growth, Budget Constraints Ahead
HB 1001 / Chamber Supports in Part Indiana’s updated state revenue forecast shows a shortfall of $403 million in the current fiscal year and a reduction of $1.97 billion over the next two fiscal years. Although revenue will continue to grow year over year, the pace of growth will fall far short of earlier projections. Slower job and wage growth, stock market underperformance and recent changes in federal policy have all contributed to the [...]
Chamber Priority of Aligning Postsecondary Training and Degree Programs Advances
SB 448 / Chamber Supports There are literally thousands of credentials, certification and degree program offerings from dozens of educational institutions and training providers operating in the state. It’s often difficult for workers and employers to access programs that really meet their needs. Senate Bill 448, authored by Sen. Greg Goode (R-Terre Haute), seeks to improve alignment of postsecondary training and degree programs to meet real world skills needs and to set priorities. A [...]
Road Funding Bill Advances with Controversial Amendments; Chamber Raises Concerns
HB 1461 / Chamber Supports House Bill 1461, authored by Rep. Jim Pressel (R-Rolling Prairie), is a wide-ranging road funding bill that has advanced from the Senate Appropriations Committee with significant changes – including a 125% increase in registration fees for electric and hybrid vehicles. The amendment, offered by Sen. Chris Garten (R-Charlestown), also addresses low water crossing projects, increases the speed limit on I-465 and removes language that would allow local officials to [...]
Property Tax Bill Preserves Progress Toward Competitiveness
https://www.youtube.com/watch?v=E6sS7evqhfo The Indiana House of Representatives passed an amended version of Senate Bill 1 Thursday. The bill was amended to adjust the scope of business personal property (BPP) tax reform. The amendment removed language that would have phased out the BPP tax entirely but significantly increases the de minimis exemption threshold and narrows application of the 30% depreciation floor. Our President and CEO Vanessa Green Sinders explains why this is a smart, pro-growth reform [...]
GUEST POST: The Hidden Costs: Overlooked Business Expenses Every Indiana Entrepreneur Should Plan For
Starting a business in Indiana feels like diving headfirst into a world of opportunity. The energy is exciting, the vision is clear, and the grind feels worth it—until those sneaky, unplanned expenses start popping up like weeds in a well-manicured lawn. It’s easy to get caught up in the bigger ticket items like equipment, rent, and product development, but it’s often the little things that bleed your budget dry. The truth is, there’s a [...]
