Ind. Business Tax Cut Bill Heads To Gov.

Law360, New York (March 17, 2014, 4:28 PM EDT) -- A bill slashing the corporate income tax rate in Indiana to 4.9 percent is headed to Gov. Mike Pence's desk for signature, after it passed by a large majority in the state Senate on Thursday.

Senate Bill 1 drops Indiana's corporate income tax rate, currently at 7.5 percent, from a scheduled 6.5 percent in 2015 to 4.9 percent by June 2021, and gives counties options to exempt new business equipment from personal property tax with an exemption for companies with less than $20,000 in equipment, and...
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