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Pence: I'm Open to Full State Replacement Revenue for SB 1

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Gov Mike Pence
Indiana Governor Mike Pence says he believes that reform of the business personal property tax will mean jobs for Hoosiers. Governor Pence today meet with mayors from across the state and issued a statement saying he has informed legislative leaders that he is open to full state replacement revenue for local governments to cover the cost of eliminating the business personal property tax on small businesses with less than 25-thousand dollars in equipment, as proposed in Senate Bill 1. Governor Pence says this would ensure that any reform of this tax would not burden local governments or shift the cost onto taxpayers.
Pence says this reform, along with affording counties the option of ending the tax on new equipment, as proposed in House Bill 1001, would make Indiana more attractive for the kind of investment that will create jobs for Hoosiers.


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