Pence vows to offset tab from biz tax
Feb 12, 2014 The Journal Gazette

By Niki Kelly

INDIANAPOLIS – In a meeting with mayors Tuesday, Gov. Mike Pence for the first time said he would support the state covering lost local revenue due to a modest cut in the business personal property tax.

“After listening to local communities across our state, I have informed legislative leaders that I am 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 $25,000 in equipment, as proposed in Senate Bill 1,” the governor said.

“This would ensure that any reform of this tax does not unduly burden local governments or shift the cost of this tax onto hardworking Hoosiers.”

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