Indiana’s High Corporate Tax Could be Reduced This Session

In a recent conversation with Gerry Dick of Inside INdiana Business, Indiana Chamber President Kevin Brinegar relayed his expectation that the state could see a drop in its corporate income tax, which is currently among the top 10 highest in the nation:

The president of the Indiana Chamber of Commerce believes a reduction in the state’s corporate income tax will be passed during the legislative session. Kevin Brinegar says a cut from 8.5 percent to 6.5 percent would make a "positive statement" about Indiana’s business climate…. Brinegar says the plan has been split into two bills, but he still expects passage by the April 29th deadline.

He also feels it will be very active at the Statehouse as that date approaches with lawmakers playing catch-up after the month-long House Democrats’ walkout.

Brinegar also commented on last week’s committee rejection of a statewide smoking ban.

He says some groups were looking for a perfect bill, instead of taking a proposal that would at least start to implement restrictions.

Organizations had concerns about the number of exemptions in the bill.