Pence Wants More Tax Breaks
by Sammy Edmonds
posted Jan 2 2014 10:33AM
Governor Mike Pence will be seeking tax cuts from the Indiana Legislature for a second straight year.
Pence says he wants to phase out the business personal property tax in Indiana. That‘s a tax on business equipment and machinery. Illinois and Ohio have already gotten rid of it, while Michigan has set a phase out in motion, and Kentucky‘s tax rate is lower than Indiana‘s.
Pence says it makes no sense to tax manufacturing equipment in a manufacturing-heavy state.