1340 AM, Sunday, September 7th, 2008
Corporate Tax Breaks Go Under The Microscope
Last updated on Friday, January 11, 2008
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(STATEHOUSE) - State Representative Scott Pelath has introduced legislation that would examine the effectiveness of more than 100 different corporate tax breaks in Indiana, then remove those that have been determined to have little or no impact on economic development in the state.
The legislation would also force business conglomerates to file joint tax records with their smaller subsidiaries.
Pelath has identified nearly 120 different breaks for businesses in Indiana code.
If enacted, his bill would set up a special panel to review each break to determine if it created any jobs, led to a more diverse workforce, or had any positive economic impact.
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