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.
-
LIV Golf to tee off in Indiana
The world of professional golf is making a stop in central Indiana. LIV Golf will play at “The Club at Chatham Hills” in Westfield.
Historic fairgrounds arena has a new name
The historic Fairgrounds Coliseum at the Indiana State Fairgrounds has a new name: Corteva Coliseum.
Special counsel Jack Smith reportedly will resign prior to Trump taking office
As two federal prosecutions of Trump are expected to wind down, special counsel Jack Smith will reportedly resign before Trump returns to the White House in January.
US inflation experienced slight uptick ahead of 2024 presidential election.
Annual inflation increased for the first time in seven months as the U.S. implemented interest rate cuts.
