income tax

The council decided on a 0.175 percent income tax increase to replace the existing Monroe County Jail, which the ACLU and sheriff’s office say is unsafe and beyond repair.

With U.S. Sen. Mike Braun absent from the final debate, many of the attacks were aimed at Lt. Gov. Suzanne Crouch.

A two-year task force is tasked with studying Indiana's entire tax system.

The tax cut package Indiana lawmakers approved in the 2022 session gradually lowers the individual income tax rate by about 10 percent.

As it is currently written, three council members support the proposed LIT increase, one member does not, three have unanswered questions, and two were not present during the vote.

Hamilton’s memo called for $17 million in additional annual revenue from the LIT hike.

The measure makes two major tax reductions. It cuts the individual income tax down to 2.9 percent (from its current 3.23 percent). And it eliminates a pair of utility taxes.

The state is holding roughly $750 million in local income tax reserves, according to a new report. The study suggests a reduction of the surplus could lead to millions of dollars distributed to local communities.

The Vigo County Council voted Tuesday night to raise the local income tax by 0.75 percent.