Skip to content
Search events. View events.
  House of Representatives Republican Caucus Submit Events
Welcome to the IN.gov Calendar. Please use the Help button to the right for any assistance while using the Calendar.
Click for help in using calendar displays. Print the contents of the current screen.

Advanced Search (New Search)
  From:
  To:

 

 


Submit
Entry Details
Notify me if this event changes.Add this event to my personal calendar.Email this entry to a friend.
Go Back
[r88] SEA 1 signed in to law
Start Date: 3/25/2014Start Time: 4:45 PM
Entry Description

STATEHOUSE – House Speaker Brian C. Bosma (R-Indianapolis) joined the governor as he signed a House Republican agenda bill, improving Indiana’s pro-business tax climate. House Republicans have championed multiple tax cuts throughout the Speaker’s tenure. 

Senate Enrolled Act (SEA) 1 allows counties to decide whether to exempt new investments on business equipment from the personal property tax, to grant small business exemption and to give extended abatement to select projects. Additionally, the legislation lowers the state’s corporate income and financial institutions tax rate to 4.9 percent. 

“Indiana must continue to be innovative and look for every opportunity to stay ahead of the competition. By providing counties additional options to attract new jobs, our state’s economy will be stronger,” said Speaker Bosma. 

House Republicans advocated incorporating local options into SEA 1. Local options give counties the opportunity to exempt the tax, based on their specific community needs. 

“The tax exemption will make Indiana competitive with other states. When phased in, Indiana will have the second lowest corporate income tax rate in the nation,” said Speaker Bosma. 

-30-

Contact Information:
Name: Tory Flynn
Phone: 317-232-9887
Email: tory.flynn@iga.in.gov
SEA1_Speaker and Gov
Attachments For This Entry:
    > SEA 1 signed in to law
Entry Type:
Press Release
Entry Category:
  • Announcements
  • IN.gov Category:
  • About Indiana
  • Agency Name
    House of Representatives Republican Caucus

    Calendar software powered by Active Data Calendar   
    Select item(s) to Search








    Select item(s) to Search
    Select item(s) to Search

    Select item(s) to Search