taxes

Indiana tax revenues are well positioned to finish the fiscal year strong after the state brought in more money than expected in May. 

Stan Jastrzebski / WBAA News

It was a packed house at the Frankfort Middle School cafetorium – a lunch room with an arched stage off to one side. Supporters of incumbent Mayor Chris McBarnes, many clad in neon green tee shirts advocating their candidate sat on one side. Across a physical  -- if not ideological – aisle were backers of Third District City Councilman Lewis Wheeler, many dressed in red. 

Senate Panels Signs Off On Short-term Rental Taxes

Feb 12, 2019
Sen. Karen Tallian (D-Ogden Dunes) says her bill doesn’t impact those who rent out their homes for 15 days a year or less. (Lauren Chapman/IPB News)
Brandon Smith

Short-term rental owners would have to pay sales and innkeeper taxes under legislation approved by a Senate committee Tuesday.

The measure follows up on last year’s bill to regulate those who rent their homes.

A subpar May – $44 million less than expected – put the state further away from its revenue goal with a month to go before the fiscal year’s end. (Brandon Smith/IPB News)
Brandon Smith

Indiana tax collections fell further away from its budget plan in May, one month away from the end of the fiscal year.

Indiana Corporate Tax Collections Continue To Struggle

May 10, 2018
The state has now brought in more than $100 million less in corporate taxes than even updated, pessimistic projections predicted. (Brandon Smith/IPB News)
Brandon Smith

Indiana tax collections are still behind the state’s budget plan – by a small amount – as the final quarter of the fiscal year began.

Total revenues are about $26 million less than planned through 10 months of the current cycle. That’s a small miss – only about two-tenths of a percent off the mark. It was helped by a strong April, which brought in about $42 million more than expected.

Bills For Special Session Largely Unchanged

Apr 30, 2018
Speaker Brian Bosma (R-Indianapolis) says the substantive change to the bills is an adjustment to new Internal Revenue Services regulations. (Brandon Smith/IPB News)
Brandon Smith

Legislation lawmakers will consider during their special session is now online for the public to view. The bills are mostly unchanged from the regular session’s end.

The first wave of 2018 school funding referenda are up for consideration in about two weeks. That means voters in several counties will have the power to approve or deny tax measures to make millions of dollars available for their local schools.

Purdue University economics professor Larry DeBoer says school funding referenda are usually more likely to pass in May, and the overall number of those winning voter approval has grown in recent years.

(Pixabay)
Lauren Chapman

The GOP tax bill ended the individual mandate that required Americans to have insurance.  A new analysis of its impact predicts many Hoosiers may opt out.  It also takes a look at other ways Hoosiers health care may be effected because of the tax law.  

(Photo courtesy of americansfortaxfairness.org)
Lauren Chapman

President Donald Trump’s recent budget proposal includes making cuts to infrastructure, education, affordable housing and healthcare, leading one watchdog group to speak out in concern about the potential impact those cuts could have.

Tax Filing Deadline Approaches

Apr 11, 2018
Hoosiers who use paper to file their taxes must have them in the mail by April 17. (Lauren Chapman/IPB News)
Brandon Smith

Hoosiers have a little less than a week left to file their taxes for 2017.

Those who file their state and federal taxes online can submit electronically any time before April 18. For those who use paper to file, Indiana Department of Revenue Commissioner Adam Krupp says their returns must be in the mail by April 17.

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