SB 314 / Chamber Supports The Senate Tax and Fiscal Policy Committee heard testimony last week on Senate Bill 314. The bill seeks to refine the state’s pass-through entity tax (PTET) and eliminate double taxation for resident business owners. Authored by Sen. Scott Baldwin (R-Noblesville), the proposal would allow pass-through entities to exclude income earned by resident owners in [...]
SEA 2 / Chamber Supports The Indiana Department of Revenue (IDOR) has unveiled a new web page with a new pass-through entity tax (PTET) form, instructions and an FAQ. As Indiana businesses prepare to file their 2022 return, they can consult the web page to ensure that tax savings aren’t left on the table. Senate Enrolled Act 2 was [...]
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