INDIANAPOLIS (AP) — The prospects for major Indiana tax cuts dimmed further as a leading state senator said he and other senators were focused on first paying down state debts.
The Senate tax committee stripped provisions Tuesday from a House-endorsed bill that would have potentially cut more than $1 billion a year in various business and individual income taxes.
MORE | State Senate guts bill that would have restricted absentee voting in Indiana
Republican Senate leaders have said they're worried about uncertainty in the economy and want to prioritize paying off the state’s future pension obligations.
Key parts of the House plan would cut Indiana’s current individual income tax rate of 3.23% to 3% over the next four years, along with reducing several business taxes.
-
Strong to Severe storms across Indiana
Beautiful weather started the day, but conditions are quickly changing. Rain and storm chances return for the middle of the week.
Former Purdue star Braden Smith works out for Pacers
Former Purdue star Braden Smith worked out with his hometown team, the Indiana Pacers, on Monday ahead of the NBA Draft.
Department of Education waives some federal funding requirements for Indiana
U.S. Secretary of Education Linda McMahon on Tuesday said her department is removing some restrictions on federal school funding for Indiana.
'Under attack': FBI report shows concerning impact of AI-generated scams
A new FBI report shows Artificial Intelligence (AI) is making it easier for criminals to steal your money and your identity.
