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Indiana Poised to See Millions in New Revenue From Online Sales Tax Collection

Indiana Poised to See Millions in New Revenue From Online Sales Tax Collection The recent U.S. Supreme Court decision in South Dakota v. Wayfair had been awaited by many brick-and-mortar retailers and state budget-makers for over 25 years. In a nutshell, the Supreme Court’s decision (5-4) will permit states to move forward with sales tax collection from online retailers. The Court overturned the Quill [...]

2018-07-20T14:07:11+00:00 July 20th, 2018|

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

(INDIANAPOLIS) — 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 [...]

2018-07-20T10:52:22+00:00 July 17th, 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+00:00 April 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+00:00 April 27th, 2018|

Much at Stake in U.S. Supreme Court Online Sales Tax Case

By Bill Waltz, Indiana Chamber of Commerce vice president of taxation and public finance On April 17, the Supreme Court of the United States (SCOTUS) will hear oral arguments in South Dakota v. Wayfair. Wayfair Inc., Overstock.com and another online retailer challenged a South Dakota law that calls for them to collect South Dakota’s sales tax on their sales [...]

2018-04-13T12:31:09+00:00 April 13th, 2018|

Indiana Chamber Statement on Why Special Session Necessary

(INDIANAPOLIS) —  Indiana Chamber of Commerce President and CEO Kevin Brinegar on why a special session is needed to complete the work of the 2018 General Assembly: “The Legislature failed to pass the bill (House Bill 1316) with the state’s response to the major federal tax reform changes that occurred in December. That’s a big problem to not have that reconciled [...]

2018-03-19T12:04:04+00:00 March 19th, 2018|

General Statehouse: Where Key Bills Stand

The 2018 Indiana legislative session is in the home stretch with an end date of this coming Wednesday. Another select group of business-related bills crossed the finish line this week (and last) and are ultimately headed to the Governor’s desk. Others are bound for conference committee to resolve differences between the House and Senate versions. Meanwhile, two bills saw [...]

2018-03-09T11:36:18+00:00 March 9th, 2018|

Federal Relations: Health Care Price Transparency Sought; ACA Lawsuit Filed; Medical Device Tax Meeting Held

- Senator Todd Young is part of a bipartisan group of senators seeking feedback from the health care and patient communities as they develop legislation to improve price transparency in the health care market and lower costs. The senators are specifically seeking responses to a dozen questions ranging from regulatory barriers to big data to cash prices. “Real world [...]

2018-03-02T13:26:50+00:00 March 2nd, 2018|

House Explores Possible Change to Energy Tax

On Wednesday, the House Ways and Means Committee and the House Utilities, Energy and Telecommunications Committee held a joint hearing to take informational testimony concerning the utilities receipts tax. The tax – paid by all ratepayers – is 1.4% and applies to the taxable gross receipts of Indiana’s utilities. A few Chamber members provided information about the impact of [...]

2018-02-16T12:56:57+00:00 February 16th, 2018|