IPR News

StateImpact Indiana: Business Personal Property Tax

by Kyle Stokes

January 30, 2014

One out of every six taxpayer dollars Indiana’s local governments collect each year comes from a statewide tax on business equipment.  It’s called the business personal property tax and it brings in $ 1 billion in revenue.  Now, Governor Mike Pence says it’s time to get rid of it.  Some school district officials worry that could cripple their budgets.  But as StateImpact Indiana’s Kyle Stokes reports, business groups aren’t advocating to cut what they say as a cumbersome tax without a way to make it up to local governments.