tax Archives - Page 4 of 9 - Indiana Chamber of Commerce

Chamber Says 2022 Legislative Session Ended ‘Overall in a Good Place,’ Except for Senate’s Refusal to Repeal Anti-Competitive Tax

(INDIANAPOLIS) — Indiana Chamber of Commerce President and CEO Kevin Brinegar says the 2022 Indiana General Assembly concluded “overall in a good place for the rights of businesses, for the state’s economy and for talent attraction and growth. But the Senate’s failure to support a tax cut that would strengthen the state’s manufacturing sector is a head-scratcher given Indiana’s [...]

Rebecca Patrick2022-03-09T08:56:42-05:00March 9th, 2022|

Chamber Tax Executive Set to Retire

Chamber Tax Executive Set to Retire

Our long-time vice president Bill Waltz is set to retire from the organization on June 30. Bill has expertly led the Chamber’s tax and public finance lobbying efforts for the last 18 years. For over 10 years, he has also been our wise general counsel. I’m thrilled for Bill as he enters this next stage in life, but he will [...]

Rebecca Patrick2022-03-07T10:53:39-05:00March 7th, 2022|

Indiana Chamber Tax Executive Set to Retire

(INDIANAPOLIS) — Long-time Indiana Chamber of Commerce Vice President Bill Waltz is set to retire from the organization on June 30. Waltz has led the tax and public finance lobbying efforts for the Indiana Chamber for the last 18 years. “I’m thrilled for Bill as he enters this next stage in life, but he will be especially missed by [...]

Matt Ottinger2022-03-07T10:06:28-05:00March 1st, 2022|

Indiana Chamber Urges Senate Republicans to Restore Major Tax Cuts

(INDIANAPOLIS) — The Indiana Chamber of Commerce 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. Indiana Chamber President [...]

Rebecca Patrick2022-02-24T11:01:25-05:00February 24th, 2022|

Business Personal Property Tax Bills Meet Resistance

Business Personal Property Tax Bills Meet Resistance

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 [...]

Matt Ottinger2022-01-31T09:03:41-05:00January 31st, 2022|

House Tax Bill Package Includes Important Chamber Initiatives

House Tax Bill Package Includes Important Chamber Initiatives

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 [...]

Matt Ottinger2022-01-17T12:33:26-05:00January 17th, 2022|

Governor Joins Push to Reduce Business Personal Property Tax

(INDIANAPOLIS) — Governor Eric Holcomb unveiled his 2022 legislative agenda Monday, highlighted by a goal to eliminate the 30% business personal property tax on new equipment. This would indeed enable Indiana to compete with neighboring states with lower taxes. The measure is now part of House Bill 1002 – authored by House Ways and Means Chairman Rep. Tim Brown [...]

Matt Ottinger2022-02-22T11:29:45-05:00January 5th, 2022|

Strong Revenue Projections Support Tax Cut Discussions in Indiana

Strong Revenue Projections Support Tax Cut Discussions in Indiana

Indiana’s October revenue collections report from the State Budget Agency provides an abundance of charts and numbers. If you focus on just the small chart at the bottom of the second page, you will see the simple numerical evidence that our revenues are strong. Four months into the fiscal year, and for the first year of the two-year budget, Indiana’s [...]

Matt Ottinger2021-11-22T08:15:50-05:00November 22nd, 2021|

Talk Continues on the “Global Minimum Tax”

Talk Continues on the “Global Minimum Tax”

If you’re interested in corporate taxes or you’ve been paying attention to world economic news, you’ve heard talk of developments regarding the possibility of a “global minimum tax.” It’s not really a new concept but it has been getting a lot of high-level discussion recently. President Biden and his Treasury Secretary Janet Yellen are promoting a complicated proposal developed [...]

Matt Ottinger2021-08-02T11:06:33-04:00August 2nd, 2021|

Tax Talk: Indiana Conformity, Tax Cut and Jobs Act, Global Minimum Corporate Tax

Tax Talk: Indiana Conformity, Tax Cut and Jobs Act, Global Minimum Corporate Tax

The Indiana Department of Revenue (DOR) recently took on the difficult task of explaining how Indiana is treating the tax impacts of the various pieces of federal stimulus legislation passed in 2020 and earlier this year. As you can appreciate, there are many facets to these matters. The state agency has done an admirable job in trying to break [...]

Matt Ottinger2021-06-30T09:58:30-04:00June 30th, 2021|

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