depreciation Archives - Indiana Chamber of Commerce

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Indiana Chamber Urges Senate Republicans to Restore Major Tax Cuts

(INDIANAPOLIS) — The Indiana Chamber of Commerce is calling on Indiana Senate Majority Republicans to restore the tax reductions in House Bill 1002 that would benefit all taxpayers. In a recent committee meeting, the Senate group removed all the tax relief from the legislation, which is a top priority of House leadership and the business community. Indiana Chamber President [...]

Rebecca Patrick2022-02-24T11:01:25-05:00February 24th, 2022|

Depreciation to Be Factored Into Personal Property Exemption Threshold + Other Tax Updates

Depreciation to Be Factored Into Personal Property Exemption Threshold + Other Tax Updates

SB 385 – Assessment of Business Personal Property Taxes Authored by Sen. Aaron Freeman (R-Indianapolis) Provides that the business personal property exemption from taxation is based on the current cash value instead of the acquisition cost. Chamber position: Support The latest: Passed by the Senate Tax and Fiscal Policy Committee 10-2. Much of the testimony focused on the use of cash [...]

Rebecca Patrick2020-01-31T14:19:57-05:00January 31st, 2020|