Brought to you by WBIW News and Network Indiana
Last updated on Thursday, March 13, 2014
(STATEHOUSE) - Legislators are expected to give final approval today to a package of local business tax cut options. But local government leaders are still saying no thanks.
Association of Indiana Counties executive director David Bottorff says some counties might make use of a new super tax abatement, lasting 25 years instead of the usual 10. But he says not only are counties not interested in partial elimination of the business personal property tax -- some may pass resolutions specifically rejecting it.
The bill would give counties the authority to abolish property taxes on new equipment, or exempt businesses who don't have enough equipment to pay much anyway.
Indianapolis Mayor Greg Ballard says he's not comfortable with the potential lost revenue, and doesn't know a single mayor who is.
House Speaker Brian Bosma (R-Indianapolis) says counties won't lose any money unless they decide to enact the breaks. He says the changes will boost economic growth if counties are willing to consider them, and complains local governments have offered shifting rationales for opposing the legislation.
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