SB 336 – Assessments and Tax Exemptions Authored by Sen. Aaron Freeman (R-Indianapolis) Provides that the business personal property exemption from taxation is based on the assessed value of the business personal property instead of the acquisition cost. Chamber position: Support in Part (No position on the taxability of reward money) The latest: The bill was heard in the House [...]
SB 336 – Assessments and Tax Exemptions Authored by Sen. Aaron Freeman (R-Indianapolis) Provides that the business personal property exemption from taxation is based on the assessed value of the business personal property instead of the acquisition cost. Provides that a reward received for providing information that assists in the arrest, indictment or filing of charges against a person is [...]
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 assessed value instead of the acquisition cost. Chamber position: Support The latest: Amended on second reading and passed by the full Senate. The amendment deleted cash value as the basis for applying the [...]
By Adam H. Berry, vice president of economic development and technology * PDF version available for printing * Indiana Chamber priorities in economic development and technology received a boost during the 2019 legislative session. In particular, progress was made in the areas of talent, place, capital and innovation. Talent: Hate Crimes Bill Bolsters Hoosier Hospitality Senate Bill 198 makes [...]
SB 336 – Assessments and Tax Exemptions Authored by Sen. Aaron Freeman (R-Indianapolis) This bill increases the acquisition cost threshold for the business personal property tax exemption from $20,000 to $40,000. Chamber Position: Support The Latest: Passed the House Ways and Means Committee 16-7. Chamber Action/Commentary: This bill received a hearing earlier this month, but the committee chair held up the [...]
Senate Bill 233 – Business Personal Property Tax Exemption Authored by Sen. Aaron Freeman (R-Indianapolis) This bill increases the acquisition cost threshold for the business personal property tax exemption from $20,000 to $40,000. Chamber Position: Support The Latest: Heard by the House Ways and Means Committee on Wednesday; held pending consideration of a potential amendment. Indiana Chamber Action/Commentary: This [...]
Senate Bill 233 – Business Personal Property Tax Exemption Authored by Sen. Aaron Freeman (R-Indianapolis) This bill increases, from $20,000 to $40,000, the acquisition cost threshold for the business personal property tax exemption. Chamber Position: Support The Latest: Amended and passed by the Tax and Fiscal Policy Committee 12-0 on Tuesday. Chamber Action/Commentary: The Indiana Chamber played a key [...]
