Indiana Republicans show no signs of moving for gas tax cut
2 years, 7 months ago

Indiana Republicans show no signs of moving for gas tax cut

Associated Press  

INDIANAPOLIS — Indiana Republicans aren’t showing signs of putting the brakes on rising state gasoline taxes even as the state government continues its streak of fast-growing tax collections. Republican legislative leaders argued that much of the gas tax money was dedicated to the state’s highway construction program and they, instead, pushed through a plan for gradually cutting Indiana’s individual income tax rate over the next seven years. Democratic Rep. Tonya Pfaff of Terre Haute said a gas tax suspension would be in “the best interest of Hoosiers” and that “where there’s a will, there’s a way.” “A windfall of excess funding has left Indiana in a position to provide real relief without sacrificing funding to important roads and construction projects,” Pfaff said. Rep. Greg Porter of Indianapolis, the top Democrat on the budget-writing House Ways and Means Committee, said the state has more than enough money available to provide gas tax relief.

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Indiana Republicans still split on tax rebate proposal
2 years, 4 months ago

Indiana Republicans still split on tax rebate proposal

Associated Press  

INDIANAPOLIS — Indiana Republican lawmakers remained far from agreement Wednesday on whether to go along with the governor’s proposal to give each taxpayer a $225 rebate from the state’s surging budget surplus. The Senate plan would also cap until next summer the state’s gasoline taxes at about one cent less than the current record level of 62.4 cents a gallon. …

Indiana GOP senators not keen on governor’s tax rebate plan
2 years, 5 months ago

Indiana GOP senators not keen on governor’s tax rebate plan

Associated Press  

INDIANAPOLIS — A proposal from Indiana’s governor to give each taxpayer a $225 rebate from the state’s surging budget surplus would be scuttled if legislators were to adopt a much more modest plan from by state Senate Republicans. The leaders of the Republican-dominated House back Holcomb’s proposal and have put forth a bill that would distribute about 16% of the …

Indiana gas tax rising slightly in August despite price drop
2 years, 5 months ago

Indiana gas tax rising slightly in August despite price drop

Associated Press  

INDIANAPOLIS — Indiana’s sales tax on gasoline will actually rise slightly starting Aug. 1 even though pump prices have dropped more than 11% from a month ago. That will be up three-tenths of a cent from July’s record-high rate based on the agency’s calculations of statewide average gasoline prices over the past month — despite AAA reporting Indiana’s average price …

Indiana gas tax increases while state eyes inflation relief
2 years, 6 months ago

Indiana gas tax increases while state eyes inflation relief

Associated Press  

INDIANAPOLIS — Indiana will see another increase in state gasoline taxes starting July 1 amid promises of inflation relief — including a proposal to issue direct payments to Indiana residents later this month. The state’s residents will pay 62 cents per gallon in taxes on gasoline, the state Department of Revenue announced Monday — another jump from June’s record-high 56 …

Calls to suspend gas taxes across U.S. grow as prices surge
2 years, 9 months ago

Calls to suspend gas taxes across U.S. grow as prices surge

Associated Press  

With gas prices at record highs across the U.S., an increasing number of governors and state lawmakers are calling for the suspension of gas taxes to provide relief to motorists who are facing the prospect of even higher pump prices as the country cuts off Russian oil imports. That came after the Republican governor of Georgia and Democratic governor of …

Indiana lawmakers approve deal on multiyear income tax cut
2 years, 9 months ago

Indiana lawmakers approve deal on multiyear income tax cut

Associated Press  

INDIANAPOLIS — Indiana’s individual income tax rate would be gradually cut over the next seven years under a Republican-driven plan approved by legislators early Wednesday. The bill would cut the state’s current income tax rate of 3.23% to 2.9% in small steps until its planned full implementation in 2029 but not include some business tax cuts that faced resistance from …

Indiana governor endorses big cuts in income, business taxes
2 years, 9 months ago

Indiana governor endorses big cuts in income, business taxes

Associated Press  

INDIANAPOLIS — Indiana Gov. The governor’s proposal, however, would slow walk a cut in the state’s current individual income tax rate of 3.23% to 2.9% over much of the decade. Holcomb said he expects that trend of revenue growth will continue and “that the time is now to act on a tax plan that gives back to our growing business …

Prospects for Indiana tax cuts boosted by governor’s support
2 years, 10 months ago

Prospects for Indiana tax cuts boosted by governor’s support

Associated Press  

INDIANAPOLIS — Indiana legislators pushing for significant tax cuts are now getting some support from Gov. The governor has sided for months with state Senate Republican leaders reluctant to embrace major tax cuts, citing uncertainty about the economy despite recent big growth in state tax collections that led House Republicans to push a plan for broad business and individual tax …

Indiana tax cut plan hits wall with state Senate opposition
2 years, 10 months ago

Indiana tax cut plan hits wall with state Senate opposition

Associated Press  

INDIANAPOLIS — The prospects for major Indiana tax cuts dimmed further Tuesday as a leading state senator said he and other senators were “entrenched” in first paying down state debts. That comment came as the Senate’s tax committee stripped provisions from a House-endorsed bill that would have potentially cut more than $1 billion a year in various business and individual …

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