Indianapolis, IN - Events Local News Groups Contact
Pence Team Begins Laying Out Case for Tax Overhaul, Push Expected during 2015 session
Pence Team Begins Laying Out Case for Tax Overhaul, Push Expected during 2015 session
By Associated Press / foxbusiness.com
Oct 7, 2014

Gov. Mike Pence's administration began making the case Monday for possible changes in the state's tax structure.

Department of Revenue Commissioner Mike Alley presented a summary of Pence's tax conference held earlier this year to members of a legislative tax study committee. Alley talked about a slew of options for overhauling who pays for government services, including a possible expansion of what is included in the state sales tax.

The discussion — which was largely rote and focused on analysis of where Indiana stands at the moment instead of where Pence would like to take it — only occasionally veered into what Pence might propose in the upcoming legislative session. At one point Alley noted that it would be possible to offset an expansion of the sales tax to goods like groceries — which would affect poorer residents the most — with an expansion of the tax to services.

"We know that the more affluent typically consume more services — that would be more progressive, than regressive, in that regard," Alley told the panel of state lawmakers, lobbyists and tax experts.

One of the few things Pence has been specific about is seeking a "simplification" of the state's tax code, something his tax team talked about as well at Monday's meeting. Alley noted that the number of exemptions, deductions and tax credits that individual residents can take on their state tax return leads it to be much more complicated than filing a simpler federal tax return.

The broad discussion of Indiana's tax system comes as tax collections have slowed to a crawl for the state. Tax collections for 2014 came in slightly under what the state collected in 2013 and a dour prediction for next year led Pence's budget team to alert lawmakers that state agencies and universities would face cuts again unless tax collections improve.

The early discussion also mark a new tactic for Pence, who has struggled to win his choices for tax cuts from the General Assembly in each of his first two sessions. Pence submitted loosely defined 2013 and 2014 legislative agendas, which focused largely on cuts to the state's income tax and a call to eliminate its tax on business equipment. But legislative leaders chafed at the proposals, in part because lawmakers were largely kept out of the creation of those measures, and altered them drastically to approve tax cuts they were seeking.

Lawmakers return in January for a four-month session during which they will consider the state's next two-year budget.

 

 

Editor's Note: Per the Indiana Department of Revenue "The Department has no control over this [changing the tax rules]. You would need to get with your State Legislator".  You can contact your state legislator via http://iga.in.gov/legislative/2014/legislators/

 

0.0 ·
0
Trending Today
Caitlin Moran's Posthumous Advice for Her Daughter
Caitlin Moran26,515 views today ·
I Know Islamic State. What They Fear More Than Bombs Is Unity
Nicolas Hénin19,046 views today ·
What Makes Call-Out Culture So Toxic
Asam Ahmad18,466 views today ·
On the Wildness of Children: The Revolution Will Not Take Place In The Classroom
Carol Black8,093 views today ·
Paramedic's Response to "Burger Flippers" Making an Equal $15/Hour is Beautiful
Craig Carilli7,946 views today ·
I Promise, It's Not Lame to Ask a Woman for Permission
Dave Booda7,311 views today ·
The Self-Defeating Concept of “Resistance”
Caitlin Johnstone3,358 views today ·
The Wrongs of Counter-Violence
Paul Rogers1,998 views today ·
Manchester Arena Attack: Amid the Horror, the Strength of an Incredible City Took Hold
Caroline Cheetham1,933 views today ·
Load More
What's Next
Income Inequality: We're Off the Rails
4 min
Pay Your Taxes, Murdoch
Carl Gibson
The Banker (#RobinHoodTax)
3 min
Like us on Facebook?
Pence Team Begins Laying Out Case for Tax Overhaul, Push Expected during 2015 session