(INDIANAPOLIS) — The Indiana Chamber of Commerce comments on Senate Bill 1, the property tax relief measure that was heard today in the Senate Tax and Fiscal Policy Committee: “The tax conversation is an important one and why the Indiana Chamber commissioned a two-part study last year to assess the state’s tax landscape and then to offer practical recommendations. [...]
(INDIANAPOLIS) —Indiana Chamber of Commerce President and CEO Vanessa Green Sinders comments on Gov. Mike Braun’s first State of the State address: “It’s so advantageous for Indiana to have a successful business leader as the state’s chief executive, looking for efficiencies, being bold and seizing opportunities. That mindset by Gov. Braun and his administration will better position the state [...]
(INDIANAPOLIS) — The Indiana Chamber of Commerce today unveiled its Top 10 legislative priorities for the 2025 legislative session. Included on the list are ensuring any property tax reforms don’t shift the burden to businesses and addressing barriers to labor force participation while investing in upskilling the workforce. These policy goals align with the organization’s latest visioning plan for [...]
(INDIANAPOLIS) — Just ahead of Organization Day at the Indiana General Assembly, the Indiana Chamber of Commerce has unveiled the advocacy element of its tax research that’s designed to inform state lawmakers’ decision-making on potential changes to Indiana’s tax structure. Conducted by Ernst & Young LLP for the Indiana Chamber Foundation, phase two of the tax study is entitled [...]
Property taxes are getting much attention in the media and at the Statehouse. That said, there’s really no justification for local government budgets or at least the property tax component of those budgets to go up by 15%. We do not believe actual property tax bills will increase by such an amount for the vast majority of homeowners because [...]
The Indiana Chamber 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. This week, no action was taken on [...]
Two bills that deal with business personal property taxation were killed last week by virtue of not receiving a vote before the committee deadline: SB 150 (Business Personal Property Tax Exemption), authored by Sen. Aaron Freeman (R-Indianapolis), and SB 378 (Assessment of Business Personal Property), authored by Sen. Brian Buchanan (R-Lebanon). These measures were heard by the Senate Tax [...]
House Bill 1002 is the House Republican comprehensive tax proposal. The Chamber gave its enthusiastic support for this bill last week, citing the many important gains to be realized by removing what are among the few remaining blackmarks on our tax code. Here's why: It includes the Chamber priority of phasing out the 30% minimum valuation depreciation floor on [...]
SB 336, which increases the acquisition cost threshold for the business personal property exemption from $40,000 to $60,000, was substantially amended recently in the House Ways and Means Committee and passed 14-8 along party lines. The amendment removed the provision, which would have based the threshold on assessed value and returns the calculation of the threshold to be based [...]
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