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 [...]
(INDIANAPOLIS) — Indiana Chamber of Commerce President and CEO Kevin Brinegar calls the 2021 Indiana General Assembly session, which wrapped up regular work today, a “strong one for assisting businesses in their recovery from the pandemic and continuing to push the state to be a leader in the Midwest and beyond.” His remarks on the fate of key legislation [...]
(INDIANAPOLIS) — Indiana Chamber of Commerce President and CEO Kevin Brinegar comments on the “woefully inadequate” tax on e-cigarette products offered today in the state budget: “A tax on vaping products of only 10 cents per milliliter for e-liquids is entirely insufficient and arguably worse than no increase at all. Last week, Senate Leader Rod Bray indicated the e-liquids [...]
SB 383 – Various Tax Matters Authored by Sen. Travis Holdman (R-Markle) This is the Department of Revenue’s (DOR) annual bill containing a collection of changes the agency has identified as needed to improve state tax administration. Among the many provisions are those establishing new procedures for how individual partners must amend their tax state when the Internal Revenue [...]
SB 234 – Withholding Tax Remittance Authored by Sen. Linda Rogers (R-Granger) This bill takes a very different approach to addressing the issue of potential mishandling of withholding tax remittances than what Sen. Rogers offered last year. Rather than requiring businesses to set up direct deposit accounts with the Indiana Department of Revenue to protect against fraud, this year’s [...]
The Indiana Chamber will continue to support SB 336, at least in part, to help reduce the business personal property tax burden and streamline the process for small Indiana businesses. The bill was heard in the House Ways and Means Committee and held for possible amendment. Last year this bill passed the Senate but did not receive a hearing [...]
SB 383 – Various Tax Matters Authored by Sen. Travis Holdman (R-Markle) This is the Indiana Department of Revenue’s (IDOR) annual bill containing a collection of changes the agency has identified as needed to improve state tax administration. Among the many provisions are those establishing new procedures for how individual partners must amend their tax state when the Internal [...]
SB 234 – Withholding Tax Remittance Authored by Sen. Linda Rogers (R-Granger) This bill takes a very different approach to addressing the issue of potential mishandling of withholding tax remittances than what Sen. Rogers offered last year. Rather than requiring businesses to set up direct deposit accounts with the Indiana Department of Revenue to protect against fraud, this bill [...]
(INDIANAPOLIS) — Two leading industry events take place virtually this month from the Indiana Chamber of Commerce. On October 13, compliance and regulatory topics are center stage at the 2020 Indiana Environmental Conference, which is held in partnership with the Indiana Department of Environmental Management. Two weeks later, on October 28-29, the 2020 Indiana Business Tax Conference highlights new [...]
Congress responded to the COVID-19 pandemic with a great volume and variety of relief measures in the Coronavirus Aid, Relief and Economic Security (CARES) Act. Small businesses quickly focused on the Paycheck Protection Program and emergency loans. The enhanced unemployment benefits and payroll tax changes were of interest to all. And employee retention credits were widely noted. But the [...]
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