Indiana lawmakers draw close on business tax deal

(WISH Photo)

INDIANAPOLIS (AP) — Indiana House and Senate lawmakers are drawing closer to a compromise on a package of business tax cuts.

A pair of legislative panels approved changes Tuesday for competing House and Senate tax measures which would cut taxes on business equipment and corporate earnings.

The new House and Senate proposals would both approve “super abatements” — allowing local government to exempt specific businesses from paying property taxes on equipment for up to 20 years. They would also cut the state’s corporate income tax from 6.5 percent to 4.9 percent.

But the two sides are still split on whether counties should get the option of eliminating the equipment tax on new purchases.

The proposals follow Republican Gov. Mike Pence’s request that lawmakers pass some level of business tax cut this session. provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Commenters who violate these terms, including use of vulgar language or racial slurs, will be banned. Please be respectful of the opinions of others and keep the conversation on topic and civil. If you see an inappropriate comment, please flag it for our moderators to review.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s