SB 336 – Business Personal Property Tax Exemption Threshold Authored by Sen. Aaron Freeman (R-Indianapolis) Increases the acquisition cost threshold for the business personal property exemption from $40,000 to $60,000. Chamber position: Support The latest: The bill was substantially amended in the House Ways and Means Committee and passed 14-8 along party lines. The amendment removed the provision which would have [...]
SB 336 – Assessments and Tax Exemptions Authored by Sen. Aaron Freeman (R-Indianapolis) Provides that the business personal property exemption from taxation is based on the assessed value of the business personal property instead of the acquisition cost. Provides that a reward received for providing information that assists in the arrest, indictment or filing of charges against a person is [...]
SB 385 – Assessment of Business Personal Property Taxes Authored by Sen. Aaron Freeman (R-Indianapolis) Provides that the business personal property exemption from taxation is based on the current cash value instead of the acquisition cost. Chamber position: Support The latest: Passed by the Senate Tax and Fiscal Policy Committee 10-2. Much of the testimony focused on the use of cash [...]
By Bill Waltz, vice president of taxation and public finance * PDF version available for printing * While most of the discussion this session was not about tax issues, there were plenty of things for those focused on tax and public finance to be pleased about. There was a very positive tax policy change impacting service companies located in [...]
Senate Bill 233 – Business Personal Property Tax Exemption Authored by Sen. Aaron Freeman (R-Indianapolis) This bill increases, from $20,000 to $40,000, the acquisition cost threshold for the business personal property tax exemption. Chamber Position: Support The Latest: Amended and passed by the Tax and Fiscal Policy Committee 12-0 on Tuesday. Chamber Action/Commentary: The Indiana Chamber played a key [...]
