Submitted by WIKY News on Tue, 01/21/2014 - 1:44pm
A State Senate committee passes a bill that includes a series of proposed tax cuts for Indiana businesses. It would eliminate the state's property tax on equipment for small businesses and cut the state's corporate income tax. The push comes as Governor Pence calls for an unspecified cut in business taxes, including a call to eliminate the business equipment tax. Pence has moderated his tone amid protests from local governments, which would lose an essential source of income. He now supports giving counties the option of waiving the equipment tax on new investments.