House Republicans unveil $1B tax cut plan; other GOP leaders are more reluctant
Indiana House Republicans unveiled a tax plan to eliminate or lower four separate taxes that would result in $1 billion in tax cuts by 2025.
Taxes
Articles
Business tax cuts top Holcomb’s 2022 agenda
Reducing the business tax on equipment and modernizing tax incentives to attract more businesses to Indiana are among the top items on Gov. Eric Holcomb’s 2022 legislative agenda.
Holcomb, lawmakers differing on top issues
Indiana Gov. Eric Holcomb proposed a tax cut for some businesses Monday that is decidedly less ambitious than what many of his fellow Republicans want to seek during the new legislative session.
Indiana taxpayers to get $125 refunds as state gives back $545M in surplus
Indiana taxpayers will get a $125 refund after they pay their 2021 state income taxes, the governor’s office announced Wednesday afternoon.
Tax Court reverts Hobart mall’s property tax assessments, finds neither party met burden of proof
Neither an assessor nor a longtime northern Indiana shopping mall met their burdens of proof in an appeal contesting tax assessments of the mall’s property for 2015 and 2016, the Indiana Tax Court concluded, ordering for the assessments to revert back to their 2010 value.
State lawmakers preview priorities at Chamber legislative event
Business tax cuts and nixing government-imposed vaccine mandates will be among the legislative priorities for Indiana Chamber of Commerce next year, and top GOP lawmakers mostly appear to be on the same page.
Indiana governor says ‘we shall see’ on possible tax cuts
Indiana’s surging state tax collections have the governor in discussions on whether tax cuts should be considered during the upcoming legislative session.
Apellate court affirms forfeiture of 504 tax sale certificates purchased by ineligible buyer
The Indiana Court of Appeals did not buy a Lake County man’s argument that state statute allows ineligible buyers at tax sales to avoid forfeiture by paying delinquent property taxes, finding the man had time to clear his debt but never did so.
Tax Court affirms Kohl’s reduction on property assessments
A Kohl’s department store will be allowed to keep the markdown on its property taxes after the Indiana Tax Court ruled the Marion County assessor failed to present a convincing argument or evidence for why the original assessment amounts should be charged.
Florida lawyer indicted for federal tax fraud scheme surrenders Indiana law license
A Florida lawyer who was indicted for bilking the federal government of more than $32 million in tax revenue through an Indiana fraud scheme has surrendered his license to practice law in the Hoosier State.
Rosio and Schnelker: How to prepare your estate plan for potential tax changes
With so much going on in tax law, it’s a critical time to understand what your current estate plan is, identify how different rule changes might affect your plan if they become law and map out potential strategies that can be implemented if the laws change.
High court rules for Hobart mall in tax dispute, lowers tax assessments
A longtime northern Indiana shopping mall won a victory at the Indiana Supreme Court on Tuesday when the justices ordered the reinstatement of a tax assessment that is tens of millions less than the assessed values upheld by the Indiana Tax Court.
Trump sues niece, NY Times over records behind ’18 tax story
Former President Donald Trump on Tuesday sued his estranged niece and The New York Times over a 2018 story about his family’s wealth and tax practices that was partly based on confidential documents she provided to the newspaper’s reporters.
Tax Court affirms Indiana Board’s final determination of fast-food facility valuation after renovations
A Shelbyville fast-food restaurant owner has not prevailed in an appeal before the Indiana Tax Court after challenging the 2019 assessment of their more than 30-year-old restaurant building following hundreds of thousands of dollars in renovations.
Tax Court reverses for Indy law firm in taxpayer refund dispute
An Indianapolis law firm has secured a reversal from the Indiana Tax Court after the Indiana Board of Tax Review was found to have erred in declining to accept as true factual allegations that the firm was the taxpayer who paid property taxes on property it purchased.
Advance Child Tax Credit fueling family law fights
On July 15, the federal government began giving parents advancements on their 2021 Child Tax Credit. For some divorced parents, the advance is causing confusion and fueling conflicts about who is entitled to the money.
Hoosiers getting state tax refund after surprising revenue surplus
Indiana taxpayers can expect to see a refund when they file their state income taxes in 2022 because state revenue collections for this year exceeded expectations.
Tax Court denies exemption to owners of lakefront property partially controlled by feds
A lakefront property owner who claimed the government’s partial use of her land entitled her to a property tax exemption failed in her bid for relief at the Indiana Tax Court.
Reversal: Tax deed holder entitled to summary judgment in ownership dispute
A dispute over a misspelled name that led to two entities both thinking they owned an Indianapolis property has been resolved in favor of the entity holding the tax deed.
Former Mounds Mall landowner can’t force parcel owner to sign lease, COA rules
The owner of land where Anderson’s Mounds Mall once stood cannot order the owner of one parcel to agree to a prior lease, the court found.