FortWayne.com
 
  Text size  Increase text sizeDecrease text size      
Last updated: Tue. Feb. 11, 2014 - 05:27 pm EDT

Pence 'open' to offsetting business tax cut with state funds

DISCUSS
Comments
 

INDIANAPOLIS — Gov. Mike Pence has told several leading Indiana mayors he would consider using state dollars to offset any money they lose through a proposed cut in the state's tax on business equipment.

Pence has made cutting the state's tax on business equipment a priority this year, but has left it to lawmakers to figure out the details. Senate Republicans want to cut the tax for small business and further cut the state's corporate income tax. House Republicans want to let counties decide whether the tax is eliminated.

Pence met with a group of mayors at his Statehouse office Tuesday afternoon. Evansville Mayor Lloyd Winnecke says they're happy with the governor's decision to support so-called "replacement revenue" for any local cuts.


Comments
 
Wednesday
Wednesday
High 33 °F
Low 24 °F
29 °F
Overcast
Sponsored by Masters Heating & Cooling, Inc.
LOCAL BUSINESS SEARCH
Local Search
STOCK SUMMARY
Dow 17827.7512.81
Nasdaq 4787.3229.06
S&P 500 2072.83+5.80
AEP 56.66+0.08
Comcast 56.86+0.24
GE 26.87+0.01
ITT Exelis 17.98-0.04
LNC 57.57-0.26
Navistar 35.86-0.54
Raytheon 106.67+0.27
SDI 23.38-0.09
Verizon 50.04+0.70
  Stock Sponsor