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.
-
How to prep now to avoid sleep loss as Daylight Saving Time begins Sunday
Yes, this is the time change that jumps from 2 a.m. to 3 a.m. Sunday, meaning we "lose" that hour of sleep.
Indy DPW to build new pedestrian bridge over Keystone Avenue
Indy DPW is planning to build a new pedestrian bridge over Keystone Avenue. Their goal is to make it safer for bicyclists and pedestrians using the Nickel Plate Trail and drivers alike.
Homeowner questions high energy bills as $10.7B bid targets AES Corporation
His frustration comes as an investment group, including BlackRock and EQT, announced a $10.7 billion bid to acquire AES Corporation, the parent company of AES Indiana.
Iranian Hoosiers share fear, hope as conflict unfolds in their home country
Carmel neighbors who were born in Iran say the ongoing military conflict there is deeply personal, stirring fear for loved ones still in the country while also sparking hope for lasting change.
