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Details, Resources on Pass-Through Entity Tax Released

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 [...]

2023-04-03T10:46:13-04:00April 3rd, 2023|

Budget Passes; Tax Reform Up Next – Setting the Stage

Good news coming out of Washington, D.C., this week: The U.S. House of Representatives passed a budget resolution by a vote of 216-212. As expected, Indiana Republicans supported the effort, while our two Democrat members voted in opposition. The passage of the budget is fantastic news on its own; however, it also serves as the last procedural hurdle that [...]

2017-10-27T14:06:13-04:00October 27th, 2017|

Senate Passes Budget With Tax Reform in Sight; Donnelly’s End Outsourcing Amendment Adopted

Thursday night, the Senate passed its fiscal 2018 budget on a 51-49 vote. This action now paves the way for the tax overhaul process to begin. A significant difference between the Senate-passed bill and the one sent over by the House is the amount the national debut can be raised by tax cuts. The Senate version would allow debt [...]

2017-10-20T14:16:44-04:00October 20th, 2017|