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All | 2018 | 2017 | 2016 | 2015

Gain Insight on the Latest Tax Issues at Indiana Tax Conference on August 10

Federal tax reform. Online sales tax collection. Major state and local tax developments and trends. It can all be a lot for Hoosier businesses keep up with. To assist business owners and others, the Indiana Chamber of Commerce is hosting the 2018 Indiana Tax Conference on August 10 from 8 a.m. to 4:30 p.m. at the Hyatt Regency in downtown Indianapolis. [...]

2018-07-20T14:48:46+00:00July 20th, 2018|

Federal Relations: News Briefs From Indiana’s Delegation

The House has passed IRS reforms, including a measure Congresswoman Jackie Walorski (IN-02) introduced to strengthen IRS accountability for modernizing its information technology (IT) systems.“The first priority of the IRS should be serving taxpayers, but it can’t do that with decades-old technology and a broken process. Repeated failures, delays and cost overruns have opened up a trust gap between [...]

2018-04-27T14:18:52+00:00April 27th, 2018|

Special Session Will Include Key Tax Legislation

A couple significant pieces of tax legislation were left hanging when the regular session of the General Assembly ended in chaos on March 14. Both SB 242 and HB 1316 were deemed bills that “needed” to pass and are a large part of why the Governor called a special session to convene on May 14. Senate Bill 242 includes [...]

2018-04-27T12:34:00+00:00April 27th, 2018|

Township Reform Trashed, Tax Code Update Crashed … Yet Alas, SaaS Passed!

By Bill Waltz, vice president of taxation and public finance The 2018 session looked quite promising in January. The Indiana Township Association supported a bill that included the merger of over 300 small townships, and the House Republicans endorsed it as a priority bill. The Governor made legislation to clarify the exempt status of software as a service (SaaS) [...]

2018-03-30T11:13:29+00:00March 30th, 2018|

Congress Passes Landmark Tax Bill; Key Provisions Highlighted

It wasn’t a short or easy journey, but sweeping tax reform has been enacted! The U.S. tax code has not been updated since 1986. The House of Representatives, for example, has been working on comprehensive tax reform since January 2011. Over the last nearly seven years, there have been 41 House Ways and Means Committee tax reform hearings and [...]

2017-12-20T13:07:48+00:00December 20th, 2017|

What’s Encouraging About Both Tax Reform Bills – But Still Long Way to Go

On Thursday, the House of Representatives passed its Tax Cuts and Jobs Act 227-205 along mostly partisan lines – though 13 Republicans (none from Indiana; all from California, New Jersey and New York) voted against it. Meanwhile, the Senate Finance Committee completed markup on its tax reform effort and moved that bill to the full Senate, where a vote [...]

2017-11-17T15:36:52+00:00November 17th, 2017|

House Committee Passes Tax Reform Bill; Senate Unveils Own Measure – Where Does Donnelly Stand?

On Thursday, the House Ways and Means Committee concluded its markup of the GOP tax reform bill (the Tax Cuts and Jobs Act) and voted along party lines to move the measure, 24-16. The core of the House bill reduces the number of individual tax rates, slashes the corporate tax rate and eliminates many deductions and credits. The bill [...]

2017-11-10T11:46:20+00:00November 10th, 2017|

New Federal Tax Plan: Meaningful, Yes. Comprehensive Reform, … ?

The “Tax Cuts and Jobs Act” (H.R. 1) has finally arrived! The long-awaited details – over 400 pages worth – are now out there for all to debate. This is a debate that will play out before the House Republican Ways and Means Committee next week. Much of the public discourse will focus on how it impacts individuals, but [...]

2017-11-03T13:39:35+00:00November 3rd, 2017|