Hendricks County Flyer, Avon, IN

Breaking News

Local News

February 11, 2014

Pence continues to push for elimination of business tax

(Continued)

Neither the House bill nor Senate bill totally eliminates the tax that manufacturers and other businesses pay on equipment. But Pence said again that his eventual goal is to match other Midwest states that have repealed taxes like it.

Last week, mayors from the state’s six largest cities met with Pence to press for details on his often-repeated promise to mitigate the local harm caused by his plan. They left without answers, according to those who attended.

“I don’t know any mayor who is saying, ‘Let’s get rid of this tax without replacing the revenue,” said Terre Haute Mayor Duke Bennett, a Republican, who took part in the meeting.

Matt Greller, executive director of the Indiana Association of Cities and Towns, said local leaders are frustrated.

“We have no understanding of what the governor means when he says there will be no ‘undue harm.’ We don’t know if that means $1 or $1 billion,” Greller said.

The Fiscal Policy Institute’s report explains the local officials’ anxiety.

The report found that local governments are still grappling with property tax caps enacted in 2008. Those alone will cause $800 million in lost tax revenue next year — money that would have been used to pay for police, school buses and other public services.

Eliminating the business tax could increase those losses by another $687 million.

The report also notes that property tax caps, now locked into the state Constitution, limit lawmakers’ ability to “re-balance the tax burden among homeowners and business interests.” That means that a reduction in business tax revenue would automatically be shifted to other property owners.

Tax cuts for businesses decrease costs and add to profitability, the report notes, and can encourage companies to relocate or make new investments. But the report also says tax cuts “are most effective where the loss of tax revenue to governments does not reduce public services, especially on highways, police and fire protection, and perhaps education.”

Text Only
Local News
  • HCF 7-26 news lung transplant pic 1 Brownsburg resident first to receive 'breathing lung' transplant Thanks to Indiana University Methodist Hospital and an innovative technique known as the ‘breathing lung’ transplant, Damon Bradtmueller of Brownsburg now has a new set of lungs. According to information from IU Health Methodist, the TransMedics Orga

    July 22, 2014 1 Photo

  • HCF 7-23 news festival of arts pic 4 Festival of the Arts returns to Brownsburg BROWNSBURG — Artists from around the Midwest came to the 36th annual Brownsburg Festival of the Arts last weekend.The Brownsburg Chamber of Commerce hosted the event. Coordinator Melanie Myers says the festival was started by a couple from Brownsburg

    July 22, 2014 5 Photos

  • HCF 7-19 news bike rodeo pic 1 Bike rodeo sends two exhibitors to state fair DANVILLE—The 4-H bicycle rodeo took place Wednesday morning at the Hendricks County 4-H Fair.Four 4-H member participants; one senior exhibitor and three junior exhibitors, took their bike skills to the test in multiple obstacle courses around the 4-

    July 22, 2014 3 Photos

  • HCF 7-23 news race pic 4 Racing to recovery BROWNSBURG — The ninth annual Bret Neylon Race to Recovery was held Saturday in an effort to support local people learning to live with paralysis.This year’s race benefited Brock Lyons, 29, of Brownsburg, who was paralyzed in a dirt bike accident in

    July 22, 2014 4 Photos

  • HCF 7-23 news supreme showman pic 2 Five-year member named Supreme Showman DANVILE — Fifth year 4-H member Alida Jackson is the 2014 Hendricks County 4-H Supreme Showman.The Supreme Showmanship started in 1988 in honor of Scott Cooper, a former 10-year 4-H member who passed away. Fair board president Jim Broyles says this i

    July 22, 2014 3 Photos

  • HCF 7-19 news HCT pic 1 HCT brings the laughs in new comedy DANVILLE — “Check Please!” will be performed on the Hendricks Civic Theatre stage Aug. 1-3 and Aug. 8-10. Shows are 7:30 p.m. Fridays and Saturdays and 2:30 p.m. Sundays.The show is a series of short vignettes of blind dates gone terribly wrong.Direc

    July 22, 2014 2 Photos

  • Critics push specious privacy pitch Privacy is on the public mind a lot these days, which would be a good thing if the focus weren’t so pitifully narrow.In the wake of the Supreme Court’s decision allowing closely held companies like Hobby Lobby to decline to cover certain types of con

    July 22, 2014

  • Lawson reaches settlement on investment fraud case Indiana Secretary of State Connie Lawson reached an $80,000 settlement with Norman Forest Germany and E.B. Germany & Sons, LLC for selling unregistered oil rights to two Indianapolis residents. Germany admits to violating the Indiana Uniform Securiti

    July 22, 2014

  • LeBron James bears the weight of Cleveland's championship dreams LeBron James has done it all on a basketball court. He’s a great scorer, rugged defender, proven big-play leader and champion. But that might not be enough in Cleveland, where he’ll also need the powers of Merlin the Magician.In returning to his home

    July 22, 2014

  • No Headline Provided Will you be attending this year’s Brickyard 400?

    July 22, 2014

House Ads
Hendricks County Marquee
Email News Sign Up
Facebook
Twitter Updates
Follow us on twitter
Poll

Has the rash of shootings in Indianapolis made you reconsider attending an event or patronizing a business there? Yes, it's out of control No, it's no more dangerous than anywhere else

     View Results
AP Video
Courts Conflicted Over Healthcare Law Holder Urges Bipartisanship on Immigration Raw: Truck, Train Crash Leads to Fireball US Airlines Cancel Israel Flights Obama Signs Workforce Training Law Crash Victims' Remains Reach Ukraine-held City Diplomatic Push Intensifies to End War in Gaza Obama Offers Condolences at Dutch Embassy Cat Fans Lap Up Feline Film Festival Raw: Lawmakers Scuffle in Ukraine's Parliament The Rock Finds His Inner 'Hercules' Michigan Plant's Goal: Flower and Die Raw: MH17 Passenger Remains in Kharkiv, Ukraine Raw: Israel Hits Gaza Targets, Destroys Mosques Veteran Creates Job During High Unemployment New Orleans Plans to Recycle Cigarette Butts
Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide
Must Read