Kokomo Tribune; Kokomo, Indiana

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March 4, 2014

Business tax cuts enter House, Senate negotiations

Indianapolis — A package of business tax cuts is on its way to negotiations between Indiana House and state Senate lawmakers following a party-line vote in the Senate.

The Senate voted 33-15 Tuesday to advance the package, sending it to a conference committee of House and Senate members. House and Senate Republicans have agreed broadly on eliminating the state's business equipment tax for small businesses and creating local "super abatements" for some manufacturers.

A few key sticking points remain between the two sides. House Republicans would like to give county leaders the option of eliminating the equipment tax completely.

Gov. Mike Pence started the session seeking a complete elimination of the equipment tax. But he later scaled back his request amid concern from local leaders who stood to lose $1 billion.

 

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