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
 
Monday
Monday
High 55 °F
Low 27 °F
55 °F
Mostly Cloudy and Windy
Sponsored by Masters Heating & Cooling, Inc.
LOCAL BUSINESS SEARCH
Local Search
STOCK SUMMARY
Dow 17833.6323.57
Nasdaq 4740.6727.70
S&P 500 2069.48+5.98
AEP 57.13-0.29
Comcast 54.69+0.61
GE 26.95-0.04
ITT Exelis 18.065+0.025
LNC 58.08+0.39
Navistar 36.59+0.34
Raytheon 106.43+0.65
SDI 23.1231+0.1531
Verizon 49.2737-0.9363
  Stock Sponsor