We asked a few weeks ago for your opinion about Gov. Pence's income tax cut proposal and where state legislators would end up in their budget. A 5% cut divided between 2015 (3%) and 2017 (additional 2%) was not one of the options.
I guess that would fall under what was choice D (other), which received 3% of the vote. The other choices were:
- Full 10% cut as proposed by Pence: 43%
- 3% cut per the bill passed by the Senate: 27%
- No tax cut, which was part of the House bill: 27%
Lawmakers have termed the overall budget as the largest tax cut ($1 billion) in the state's history. The Indiana Chamber's upcoming legislative analysis will have more details, but that does include an immediate elimination of the state inheritance tax (in fact, it makes the elimination retroactive to January 1, 2013) instead of the nine-year phase-out that was passed in 2012.
The budget, as always, was a high-profile issue but just one of the topics that garnered attention. Again, more Chamber review is on the way but our new poll question asks for your overall grade of the 2013 General Assembly. Cast your vote at the top right of this page.