Institute On Taxation And Economic Policy
To anyone following Indiana politics, Gov. Mike Pence's State of the State address Tuesday offered some familiar ideas. It did not, however, offer solutions.
Indiana Gov. Mike Pence wants to eliminate the personal property tax for businesses, perhaps paying for it by increasing county income taxes. He's also talking about a very modest state income tax break.
From all indications, Gov.-elect Mike Pence's 10 percent tax cut plan is dead in the water in the General Assembly. A governor's policies aren't necessary legislators' views.
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.
At 3.4 percent, Indiana’s personal income tax is one of the nation’s lowest. A half dozen states, including Texas and Florida, don’t charge income tax at all; 41 states impose a rate higher than Indiana’s.
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