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.
-
Indiana in national spotlight after redistricting fails in Senate
Indiana is in the national spotlight after lawmakers rejected a proposal backed by the president and GOP leaders to redraw congressional district maps mid-session.
Preparing for extreme cold across Central Indiana
While snow grabs a lot of attention, the cold temperatures will bring another set of potential impacts to your weekend.
Clear Path 465 project reaches 80% completion on Indianapolis' northeast side
More than 80% of construction is now complete on the Clear Path 465 project on Indianapolis' northeast side, marking a major milestone for one of the state's busiest interchanges.
AES Indiana files to lower customer bills $4 monthly due to fuel costs
AES Indiana filed for a decrease of 3% or $4.13 per month in its quarterly Fuel Adjustment Charge with state regulators.
