INDIANAPOLIS—On Tuesday, a measure that would cut the corporate income and business personal property tax cleared the Indiana Senate by a vote of 33-15. Senate Democrats expressed serious concerns with enacting a proposal that would potentially cost the state hundreds of millions of dollars annually without first thoroughly studying the impact on local governments and schools. They pointed instead to investing in early childhood education, an investment that would have long-term economic development benefits and help develop tomorrow’s skilled workforce.
SENATE DEMOCRATIC LEADER TIM LANANE (D-ANDERSON): “I voted today against House Bill 1001 which allows major tax breaks…”http://www.in.gov/legislative/senate_democrats/files/audio/Lanane.HB1001.030414.Priorities.MP3
STATE SENATOR JOHN BRODEN (D-SOUTH BEND): “I am very concerned about the tax shift. It cuts property taxes for businesses, but then it increases property taxes on individual homeowners …”http://www.in.gov/legislative/senate_democrats/files/audio/Broden.HB1001.TaxRevLosses.MP3
House Bill 1001 will now be returned to the original author of the measure to consider changes made by the Senate.
Sen. Lanane represents Indiana Senate District 25 includes the portions of Madison and Delaware counties, including the City of Muncie and portions of the City of Anderson. For more information on Sen. Lanane, his legislative agenda or other State Senate business call 1-800-382-9467 or visit www.IN.gov/S25 .