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 [...]
(INDIANAPOLIS) — Indiana Chamber of Commerce President and CEO Vanessa Green Sinders offers a new video statement on why lawmakers should increase the cigarette tax by $2 per pack: The video snippets are available for download via a Dropbox zip folder and include the following: Very brief :20 option focused on the policy – with and without nameplate Longer :50 [...]
(INDIANAPOLIS) — Indiana Chamber of Commerce President and CEO Vanessa Green Sinders comments on the just released April revenue forecast for the state, which will guide final budget negotiations in the General Assembly: “With today’s announcement by the State Budget Committee on the revenue forecast, it’s clear we must tighten our belts and consider new sources of revenue to ease [...]
(INDIANAPOLIS) — Governor Mike Braun has signed Senate Bill 1, the property tax relief reform package, following its passage this morning in the Indiana Senate (27-22). Comments Indiana Chamber of Commerce President and CEO Vanessa Green Sinders: “This is landmark legislation for Hoosier employers and citizens – providing both near-term relief for homeowners, businesses and farmers while initiating long-term [...]
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, [...]
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. [...]
(INDIANAPOLIS) — The Indiana House of Representatives passed an amended version of Senate Bill 1 today by a vote of 65–29. The bill was amended yesterday 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 [...]
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 [...]
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 [...]
(INDIANAPOLIS) — House Republicans today announced details on property tax relief that includes reforms to the business personal property tax. Indiana Chamber President and CEO Vanessa Green Sinders comments: “Indiana’s business personal property tax has long been an impediment to growth, penalizing investment and placing our employers at a disadvantage compared to those in neighboring states. The reforms announced [...]
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