tax revenue

Local News
3:07 pm
Tue April 16, 2013

Indiana's Improved Revenue Picture Gives Pence New Optimism for Tax Cut

Expectations that Indiana will collect $290 million more in taxes leave Gov. Mike Pence’s team optimistic it can win a $500 million cut in the state's personal income tax this year.

House and Senate budget leaders said today that the improved fiscal picture makes it likely they will approve $500 million in tax cuts this year, but not necessarily the cut Pence wants.

State revenue forecasters said the improving economy should help Indiana bring in roughly $290 million more than the state previously anticipated.

Read more