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 that will reduce compliance burdens and unlock investment across Indiana.
