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Indiana lawmakers pass package of business tax cuts

from Indianapolis Business Journal

The General Assembly has sent the governor a package of business tax cuts that supporters say will create jobs by luring more companies to the state. Senate Bill 1 cuts the corporate income tax rate and lets local officials reduce or eliminate property taxes on business equipment. But it doesn’t go as far as had been proposed by Gov. Mike Pence, who sought a complete phase-out of the personal property tax. more

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