INDIANAPOLIS (AP) — Republicans have pushed a plan for broad cuts to Indiana’s business and individual income taxes through the state House, sending it to an uncertain fate in the GOP-dominated Senate.
House members voted 68-25 on Thursday, mostly along party lines, in favor of the proposal potentially cutting more than $1 billion a year in various taxes.
Key parts of the House plan would cut Indiana’s current individual income tax rate of 3.23% over the next four years to 3.0%, along with reducing several business taxes. Republican Gov. Eric Holcomb and GOP Senate leaders have raised doubts about taking action on major tax cuts this year.
