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 [...]
Senate Panel Advances Major Fiscal Bill; Business Impacts Mixed
HB 1427 / Chamber Neutral House Bill 1427, authored by Rep. Craig Snow (R-Warsaw), advanced out of the Senate Tax and Fiscal Policy Committee last week on an 8-5 vote following the adoption of a 117-page committee amendment. Senator Ryan Mishler (R-Mishawaka), chair of the Senate Appropriations Committee, voted "no." During the hearing, Mishler criticized the addition of language to establish new “professional sports and convention development areas," saying it bypassed the budget process. [...]
Chamber Supports Key Healthcare Reforms in Legislation
HB 1003 / Chamber Supports The Senate Health and Provider Services Committee adopted several amendments to House Bill 1003, authored by Rep. Brad Barrett (R-Richmond), last week, addressing concerns previously raised by the Indiana Chamber. The committee unanimously approved the amended version of the bill, which now goes to the Senate Appropriations Committee for further consideration. The Chamber also recently issued a statement in support of the revised legislation. As amended, HB 1003 includes [...]
Healthcare Reforms Target Vertical Integration, Drug Pricing and Transparency
SB 140 and SB 480 / Chamber Opposes in Part The House Insurance Committee took up two measures last week: one that addresses prior authorization and another that targets pharmacy benefit managers (PBMs). Committee Chairman Rep. Martin Carbaugh (R-Fort Wayne) announced that both bills will be held for further consideration. Senate Bill 140, authored by Sen. Ed Charbonneau (R-Valparaiso), targets PBMs and introduces prohibitions against them owning pharmacies or contracting with affiliated health plans. [...]
