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.
-
Former IndyCar Rookie of the Year gets new role with Honda Racing
Lundqvist was named the 2024 IndyCar Rookie of the Year after finishing 16th in the standings. He had two podium results during the year, finishing in third during the events at Barber and Gateway.
USDA orders IU to destroy biological materials during ‘active’ investigation
The USDA ordered Indiana University's Biology Department to destroy biological materials from a lab. This follows a guilty plea from a lab researcher for smuggling E. coli DNA from China.
3 north side food establishments are closing their doors at the end of the week
The owners of The Bulldog, English Lounge and Pizza King posted to social media on Tuesday, saying they are closing their doors Friday, June 19.
Former Purdue star Trey Kaufman-Renn works out for Pacers
Former Purdue star Trey Kaufman-Renn worked out for the Indiana Pacers on Monday ahead of the NBA Draft.
