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Inheritance Tax

Pence: Budget will maintain Indiana's strong balance sheet

Pence: Budget will maintain Indiana's strong balance sheet

INDIANAPOLIS | Hoosiers should not expect any significant increases in state spending, though businesses could see another round of tax cuts under the 2016-17 Indiana budget now being crafted by Gov. Mike Pence.

August 31, 2014 9:30 pm
State ends budget year with surplus, despite revenue drop

State ends budget year with surplus, despite revenue drop

INDIANAPOLIS | Indiana took in more money than it spent during the 2014 budget year, even as Republican Gov. Mike Pence's tax cuts dropped total state revenue below the prior year for the first time since the Great Recession.

July 14, 2014 5:30 pm Related
State likely to fall short of annual revenue target

State likely to fall short of annual revenue target

INDIANAPOLIS | May tax revenue exceeded the state's reduced expectations, but Indiana likely still will fall short of its annual revenue target when the 2014 budget year ends June 30.

June 06, 2014 7:15 pm Related
New jobs fail to boost state income tax revenue

New jobs fail to boost state income tax revenue

INDIANAPOLIS | The improving Indiana job market isn't showing up in state income tax receipts, which last month came in nearly 15 percent below April 2013, despite a 2.8 percent drop in the state's unemployment rate over the past year.

May 09, 2014 2:36 pm Related
Winter chills state revenue

Winter chills state revenue

INDIANAPOLIS | The effects of Indiana's brutal winter, which repeatedly has trapped Hoosiers at home due to extreme cold or snow and kept them from going to work or shopping, are beginning to show up in the state's revenue results.

February 07, 2014 12:30 pm Related
Pence honored for tax cutting prowess

Pence honored for tax cutting prowess

INDIANAPOLIS | Gov. Mike Pence is one of six Republicans to receive the Tax Foundation's first-ever award for outstanding achievement in state tax reform.

January 20, 2014 3:00 pm Photos

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Casino taxes still important to state's finances

Casino taxes still important to state's finances

INDIANAPOLIS | New competition from neighboring states has taken a significant slice of Indiana's gaming revenue, but state taxes on casino wagers and admissions remain an important component of Indiana's overall financial picture -- as they have since 1996.

December 25, 2013 12:00 am Related
Indiana revenue continues to miss target

Indiana revenue continues to miss target

INDIANAPOLIS | State revenue edged closer to meeting expectations in September, but for the sixth time in the eight full months Gov. Mike Pence has been in office it failed to hit the target.

October 04, 2013 6:15 pm Related
BRIAN HOWEY: Indiana needs tax abatement for home building

BRIAN HOWEY: Indiana needs tax abatement for home building

In the five years since the mortgage bubble burst, Wall Street went into meltdown and the taxpayers from Main Street bailed the 1 percenters out, I survey friends and family who, in 2007 were quite doing well. And today, most of them struggle.

September 22, 2013 12:00 am
State revenue remains sluggish under Pence

State revenue remains sluggish under Pence

INDIANAPOLIS | Republican Gov. Mike Pence regularly touts Indiana as the state that works, but all that work isn't bringing many bucks into the state's coffers.

August 06, 2013 12:55 pm Related

Indiana's two-year budget, plethora of new laws take effect July 1

INDIANAPOLIS | Happy fiscal new year, Hoosiers!

June 30, 2013 7:00 pm
Pence signs two-year Indiana budget

Pence signs two-year Indiana budget

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.

May 08, 2013 5:00 pm Related

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BRIAN HOWEY: Tax cuts amid 8.7% jobless rate

BRIAN HOWEY: Tax cuts amid 8.7% jobless rate

Other issues had potentially greater financial impact or will leave a more resolute imprint on people’s lives, such as Medicaid expansion and Common Core education standards.

May 05, 2013 12:00 am

Pence claims tax cut victory

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.

April 29, 2013 4:00 pm
General Assembly wraps session distinguished by cooperative tone

General Assembly wraps session distinguished by cooperative tone

INDIANAPOLIS | Hands were shaken, hugs were shared and state lawmakers, who spent the past four months passionately opposing each other in great and small policy debates, were all smiles Saturday morning after House Speaker Brian Bosma gaveled out the 2013 Indiana General Assembly.

April 27, 2013 4:30 pm Related

Lawmakers set to approve state budget, adjourn for year

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.

April 26, 2013 11:00 pm Related

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Indiana budget plan cuts taxes 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.

April 25, 2013 7:27 pm
Pence sure income tax cut will create jobs

Pence sure income tax cut will create jobs

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.

April 20, 2013 11:30 pm Related
Pence backing off fight for tax cut

Pence backing off fight for tax cut

INDIANAPOLIS | Gov. Mike Pence received the optimistic state revenue forecast he's been counting on since January to show Indiana can afford his $500 million income tax cut, but instead of celebrating, Pence seemed more interested in compromising.

April 16, 2013 4:30 pm Related

Revenue forecast set to shape budget debate

INDIANAPOLIS | The leader of the Indiana Senate claims to believe education policy debates, and not the budget, will dominate Statehouse discussions over the next two weeks as the 2013 session of the General Assembly races toward adjournment.

April 13, 2013 5:30 pm
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