SB 1 / Chamber Neutral Senate Bill 1, authored by Sen. Travis Holdman (R-Markle), is a key element of Governor Mike Braun’s legislative agenda, designed to provide broad property tax relief for Hoosier homeowners. The original bill sought to restructure Indiana’s property tax system with significant reforms, including a new formula for the homestead standard deduction. The bill also [...]
SB 314 / Chamber Supports The Senate Tax and Fiscal Policy Committee heard testimony last week on Senate Bill 314. The bill seeks to refine the state’s pass-through entity tax (PTET) and eliminate double taxation for resident business owners. Authored by Sen. Scott Baldwin (R-Noblesville), the proposal would allow pass-through entities to exclude income earned by resident owners in [...]
(INDIANAPOLIS) — Just ahead of Organization Day at the Indiana General Assembly, the Indiana Chamber of Commerce has unveiled the advocacy element of its tax research that’s designed to inform state lawmakers’ decision-making on potential changes to Indiana’s tax structure. Conducted by Ernst & Young LLP for the Indiana Chamber Foundation, phase two of the tax study is entitled [...]
The Legislative Council, a panel of high-ranking legislators charged with managing the business of the legislative branch, met recently, and assigned topics of study to various interim committees. Interim committees will work over the coming months to review the topics and make recommendations for policy changes or legislative actions in 2025. Additional topics were assigned to the Funding Indiana’s [...]
The State and Local Tax Review Task Force recently held its fourth and final meeting of the year and will reconvene in January to begin considering the significant data that has been provided to the group. Since August, the Task Force has received presentations from various tax experts. These include former state Senators Luke Kenley and Brandt Hershman, former [...]
The rise of remote work has brought forth numerous changes in the global work environment, with one of the most significant being its impact on tax policy and resources. As more employees transition to working from home, states and countries are grappling with the implications for their tax systems. Remote work blurs the lines of where income is earned. [...]
The ink is dry on a new two-year budget, authored for the first time by Rep. Jeff Thompson (R-Lizton). A longtime member of the Ways and Means Committee, Thompson took the helm last year following the retirement of former Rep. Tim Brown, who chaired the committee for a decade. By contrast, this year marks the third round of budget [...]
(INDIANAPOLIS) — The 2023 Indiana General Assembly session saw big policy wins for the state’s economic development efforts, employers and the Hoosier workforce and talent pipeline, says Indiana Chamber of Commerce President and CEO Kevin Brinegar. To tout those “big scores,” the state’s largest small business advocacy organization has just issued its Top 12 list of most impactful new [...]
https://youtu.be/bKbWBRNV2cQ David Ober, our vice president of taxation and public finance, discusses a few of the most significant bills in his area that passed in the 2023 Indiana General Assembly. House Bill 1001 (state budget), Senate Bill 2 (taxation of pass-through entities) and Senate Bill 419 (state tax matters) all contain provisions that are economically beneficial for Hoosier businesses. [...]
HB 1001 / Chamber Supports The Senate majority version of the two-year state budget has been released and will be considered by the full chamber this week. Senator Ryan Mishler (R-Bremen), chair of the Appropriations committee, offered a 201-page amendment stripping the bill of its House-passed contents and inserting new language. All other amendments were defeated along party lines [...]
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