House Speaker Brian Bosma Wednesday proposed what he calls the “smart way” to reduce Indiana’s business personal property tax. But the plan wouldn’t completely eliminate the tax.
Governor Mike Pence made elimination of the business personal property tax the cornerstone of his 2014 legislative agenda. He stopped short, however, of identifying a specific way to get rid of the levy on business equipment that brings in a billion dollars a year to local governments.
Governor Mike Pence pitched his income tax cut proposal to mayors and local government leaders who visited the Statehouse Tuesday to promote their own priorities to the legislature.
Governor Mike Pence’s proposed across-the-board 10 percent income tax cut hasn’t been backed by many in the General Assembly, even his fellow Republicans. And its reception among the dozens of mayors and town leaders at the Statehouse Tuesday might also be described as lukewarm. But Pence said his proposal will help more people than other tax cuts lawmakers are considering.
Tea Party group Americans for Prosperity is entering the debate in Indiana over Governor Mike Pence’s proposed ten percent income tax cut. The organization announced it will air TV ads in support of the tax cut.