Indiana House advances proposal for spending some of $6.1B surplus
The Indiana House on Friday voted 93-2 to use the state’s unexpected surplus to send $1 billion in taxpayer rebates proposed by Gov. Eric Holcomb.
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Indiana House proposes larger, costlier taxpayer ‘refund’ plan
House and Senate Republicans in the Indiana General Assembly remain on a collision course over how to provide inflation relief for Hoosiers after committees from both chambers passed bills that take vastly different approaches.
Senate Republicans balk at Holcomb’s tax refund proposal
Signaling their opposition to Gov. Eric Holcomb’s plan to issue $1 billion to Hoosier taxpayers in the form of $225 tax refund checks, Indiana Senate Republicans presented an alternate plan Wednesday to provide some financial relief for Indiana residents during a period of record-high inflation.
Indiana has a $6.1 billion surplus. Will taxpayers get some of it back?
As the Legislature prepares to consider Gov. Eric Holcomb’s proposal to return $1 billion of the state’s surplus to taxpayers, some legislators, economists and business leaders are questioning whether putting that money directly into the pockets of Hoosiers is the best use of the windfall.
How much additional compensation will lawmakers receive during special session?
A multiweek special legislative session to consider tax refunds and new abortion restrictions is expected to cost Indiana taxpayers at least $280,000 in additional compensation to the state’s 150 lawmakers.
Indiana Democrats criticize GOP for delaying special session
While Indiana House and Senate Democrats met at the Statehouse on Wednesday — the technical start date of a special session meant for discussions about Hoosier economic relief and abortion — a swarm of pro-choice protestors gathered on the building’s steps.
Holcomb calls lawmakers back into session to consider $1B in refunds
Gov. Eric Holcomb said Wednesday he is calling lawmakers back to the Indiana Statehouse on July 6 to consider his plan to send $1 billion in refunds to Indiana taxpayers.
SCOTUS rules religious schools can get Maine tuition aid
The Supreme Court ruled Tuesday that Maine can’t exclude religious schools from a program that offers tuition aid for private education, a decision that could ease religious organizations’ access to taxpayer money.
Indiana gas tax set to increase while state eyes inflation relief
Indiana will see another increase in state gasoline taxes starting July 1 amid promises of inflation relief—including a proposal to issue direct payments to Indiana residents later this month.
Indiana to get $2.9M in settlement over `free’ TurboTax ads
Indiana will get $2.9 million from a nationwide settlement with a software company that misled users who filed their taxes through TurboTax.
Holcomb proposes $1B refund for Indiana taxpayers
Gov. Eric Holcomb announced a plan on Thursday to call a special legislative session at the end of June and propose that $1 billion in state reserves be returned to Indiana taxpayers.
Indiana governor eyes ‘inflationary relief,’ not gas tax cut
Indiana’s governor said Wednesday he was preparing a plan to potentially tap into the growing state budget surplus to help residents with the national inflation jump, while rejecting calls for suspending state gas taxes.
Indiana Republicans show no signs of moving for gas tax cut
Indiana Republicans aren’t showing signs of putting the brakes on rising state gasoline taxes even as the state government continues its streak of fast-growing tax collections.
Tax Court dismisses law firm’s appeal for lack of jurisdiction
The Indiana Tax Court has dismissed an appeal from an Indianapolis law office that was ordered to pay an outstanding liability after it mislabeled withholding tax returns in 2021, finding the court lacked jurisdiction in the case.
Indiana automatic taxpayer refund to be sent out this summer
Hoosiers should expect to start receiving the promised one-time $125 automatic taxpayer refund in the coming weeks, Indiana Gov. Eric Holcomb announced Wednesday.
Tax Court: Racetrack’s 2020 tax assessment upheld after failure to appear
A man who failed to appear at two telephonic hearings for the appeal of his racetrack’s 2020 property tax assessment did not convince the Indiana Tax Court that a final determination against him should be overturned.
Tax Court: Mass Ave building can keep charitable purposes exemption for 2010 tax year
A seven-story, mixed-use development that makes up a large chunk of Indianapolis’ Massachusetts Avenue can keep its charitable exemption for the 2010 tax year despite opposition from the Marion County assessor, the Indiana Tax Court has ruled.
Indiana governor signs gradual income tax cut plan into law
A plan for gradually cutting Indiana’s individual income tax rate over the next seven years has been signed into law by Gov. Eric Holcomb, the governor’s office announced Wednesday.
Legislature ends session by cutting income taxes, not business personal property tax
Indiana lawmakers gave final approval early Wednesday morning to a Republican tax-cut package that would gradually reduce state income taxes over the next seven years, but they failed to reach agreement on cutting the business personal property tax.
Tax Court affirms, reverses in property tax disputes with ingredient provider
An American multinational ingredient provider that ran into trouble with the Indiana Board of Tax Review has secured a reversal from the Indiana Tax Court for its personal property taxes for the 2012 and 2013 tax years. However, it wasn’t as successful in its request for a refund after finding it overpaid for the 2011 tax year.