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Smoking Reforms in Spotlight in Interim; Increased Cigarette Tax Most Likely

The interim study committees are just getting started in earnest; on Thursday, the Interim Study Committee on Fiscal Policy went through a lengthy agenda. The topic of the fiscal, economic and workforce development impact of Indiana smoking rates was of special interest to the Indiana Chamber. Smoking reform has been a top legislative priority for the past few sessions. [...]

2018-08-28T15:16:38+00:00August 29th, 2018|

A Look at New Sec. 199A Deduction for Qualified Business Income

Do you qualify for the new 20% deduction for pass-through entities (S corps, LLCs, partnerships, sole proprietors)? Yes, no, partially, not sure yet – all possible answers. It turns out that this determination will depend on several things and may be anything but simple. But there are a few substantial factors: (1) how is the income derived, i.e. is [...]

2018-08-28T09:50:57+00:00August 28th, 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+00:00March 19th, 2018|