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.
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Governor Braun names Chuck Goodrich next Indiana secretary of commerce
Governor Mike Braun has tapped businessman and former state lawmaker Chuck Goodrich to serve as Indiana's secretary of commerce, the administration announced Thursday.
Substantial damage reported from tornadoes in 7 Indiana counties
Severe storms late Wednesday and early Thursday brought tornadoes, road closures and power outages to several southern Indiana counties, including Owen, Monroe, Bartholomew and Jackson.
Sunny and breezy Thursday, seasonable through the weekend
Much quieter conditions in store for your Thursday. We will continue to see temperatures slightly below normal for the end of the week and into the weekend.
How Ball State football will honor fallen teammate this season
The Cardinals lost one of their teammates last month. Freshman defensive back Gavin Yates-Lyons died on May 30 following a shooting in Florida on May 24.
