Corporate Income Tax
INDIANAPOLIS | Gov. Mike Pence has directed state agencies and universities to cancel an additional $51.5 million in planned spending after Indiana badly missed its November revenue target.
INDIANAPOLIS | State revenue was well below expectations through the first third of the budget year, even though Indiana in October exceeded its monthly revenue target for the first time since June.
INDIANAPOLIS | Happy fiscal new year, Hoosiers!
INDIANAPOLIS | Republican Gov. Mike Pence on Wednesday signed into law Indiana's $30 billion, two-year state budget that keeps spending increases below the inflation rate and provides Hoosiers more than a billion dollars in tax cuts.
INDIANAPOLIS | State revenue rebounded last month following a disappointing February and March that saw Indiana's tax receipts dip below 2012 levels.
INDIANAPOLIS | Gov. Mike Pence showed no signs of disappointment Monday despite having failed to persuade the now-adjourned General Assembly to adopt his oft-touted plan cutting the state's income tax rate by 10 percent.
INDIANAPOLIS | The Republican-controlled General Assembly early this morning was on the verge of approving a two-year state budget plan that reduces taxes on Hoosiers by $1.1 billion.
INDIANAPOLIS | Despite polls showing Hoosiers want Indiana to invest more in education, roads and other state services, the Republican-controlled General Assembly is poised to enact the largest package of tax cuts in state history.
INDIANAPOLIS | Gov. Mike Pence is certain reducing Indiana's personal income tax rate will create jobs, despite the doubts of legislative leaders and the increase in unemployment that followed distribution of the state's automatic taxpayer refund.
INDIANAPOLIS | Gov. Mike Pence lauded the Senate Appropriations Committee on Thursday for adding an income tax cut to the pending 2014-15 state budget, even though the reduction is less than one-third the size Pence wanted.
INDIANAPOLIS | Republican Gov. Mike Pence remains "hopeful" and "confident" state lawmakers will approve his proposed income tax cut, despite blunt hints from Republican legislative leaders that it's not going to happen.
INDIANAPOLIS | Indiana remains on track to end its 2013 budget year on June 30 with a surplus, but if February's lackluster state revenue continues into subsequent months it won't be much of one.
INDIANAPOLIS | An Internal Revenue Service delay in accepting income tax returns slowed payments of Indiana tax refunds last month and pushed state revenue well above expectations.
INDIANAPOLIS | Republican Gov.-elect Mike Pence is standing by his proposal to cut Indiana's income tax rate, despite a nonpartisan study showing most taxpayers would get back less than $100 and a new poll showing most Hoosiers oppose Pence's plan.
INDIANAPOLIS | Republican Gov.-elect Mike Pence will not be cowed by Republican lawmakers questioning whether Indiana can afford Pence's proposal to cut the state's income tax rate by 10 percent.
INDIANAPOLIS | Indiana's 2013 budget year got off to a fast start last month, with state revenue beating expectations by 4.1 percent and coming in 10 percent higher than last July.
INDIANAPOLIS | Democratic state lawmakers called for an investigation Thursday into how Indiana misplaced $320 million in tax revenue for four years.
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