Skip to main content

House panel considers personal property tax cut

January 14, 2014

INDIANAPOLIS (AP) — Members of the House Ways and Means Committee are pondering a locally controlled cut in the business personal property tax.

The House's budget and tax panel planned to meet Tuesday to consider a House Republican plan that would allow counties to decide whether to eliminate the state's tax on business equipment. Senate Republicans have crafted a different measure that would eliminate the tax for most small businesses and cut the state's corporate income tax.

Republican Gov. Mike Pence has called for a complete phase-out of the personal property tax as part of his 2014 legislative agenda. But local leaders quickly chafed at the idea, which had the potential to siphon $1 billion from their coffers.

The governor has been guarded in his comments about both the Senate and House proposals.

Recent Churubusco graduate Katie Monk signed with the University of Indianapolis for track and...
COLUMBIA CITY — The Whitley County Community Foundation is hosting a 5K run to benefit a local...
Pictured is the Columbia City Park Department’s league and tournament champions — Downtown on the...

 

Premium Drupal Themes by Adaptivethemes