As is often the case, the House and the Senate each have their own ideas on how best to address big issues. That is the current circumstance regarding the taxability of software utilized as the means of providing a service. Obtaining greater clarity on this subject is a priority of the Chamber and the Governor. Senate Bill 257 embodies [...]
RSM US LLP (“RSM”) – the nation’s leading provider of audit, tax and consulting services focused on the middle market – has announced Shawna M. Jimenez, CPA, has joined the firm’s Indianapolis tax practice. With 12 years of public accounting experience working with a Big Four firm, Jimenez has experience serving tax-exempt organizations in a variety of industries including [...]
Ways and Means Passes a Novel Software-as-a-Service Bill Bill # and Title: HB 1316 – Sales Tax on Software Author: Rep. Tim Brown (R-Crawfordsville) Summary: Provides that for purposes of the sales tax, a person is a retail merchant making a retail transaction when the person grants the end user the right to: (1) use prewritten computer software delivered [...]
Bill # and Title: SB 257 – Sales Tax on Software (SaaS) Author: Sen. Travis Holdman (R-Markle) Summary: Provides that for purposes of the sales tax, a person is a retail merchant making a retail transaction when the person grants a user the right to use prewritten computer software delivered electronically. Specifies, however, that a transaction in which a [...]
The Governor and General Assembly have continually heard from Hoosier employers on the need for a skilled workforce – and better aligning state programs with job demand. The good news is bills are being introduced to address those concerns. While only a handful of measures have been released to date, we are seeing legislation related to training tax credits [...]
Reince Priebus believes the Republican Party could be in for a rough midterm election if leaders don’t follow through on two key campaign promises. Of health care and tax reform: “If you’re selling something continuously that you’re going to get it done, you’ve got to get it done. You can’t misrepresent,” says the former White House chief of staff. [...]
(INDIANAPOLIS) — Reince Priebus believes the Republican Party could be in for a rough midterm election if leaders don’t follow through on two key campaign promises. Of health care and tax reform: “If you’re selling something continuously that you’re going to get it done, you’ve got to get it done. You can’t misrepresent,” says the former White House chief of [...]
The Indiana State Budget Agency released the revenue collections report for October. The overall collections for the fiscal year now stand 2.8% ($136 million) below projections; not good, but not critical at this juncture. The troubling numbers for the revenue watchers are the corporate tax collections. They were down again this month and are now at 52% below the [...]
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 [...]
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