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Public testifies for final time on major tax cut bill of 2022 session

Brandon Smith / IPB News
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A conference committee hearing on HB 1002 gave the public their last chance to testify this session on the major tax cut bill.

The public got its last chance Monday to testify on this session’s major tax cut bill, HB 1002, as House and Senate Republicans haggle over the measure’s final details.

It appears that Indiana’s business personal property tax remains the biggest sticking point between the chambers. That tax is levied on the equipment companies use – everything from combines to computers.

And the bulk of the testimony Monday focused on that tax. Local governments are wary of a reduction – they rely on that tax as a revenue source.

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But the business community – which supports any cut to the tax – argues local governments won’t feel the effect of the proposed reduction for years. Indiana Chamber of Commerce Vice President Bill Waltz said that’s plenty of time to help those governments adjust.

"With some commitment to study it, evaluate the impact and provide replacement, as needed," Waltz said.

Democrats, like Sen. Tim Lanane (D-Anderson) said if the legislature is going to cut taxes, they should focus on things that will help Hoosiers struggling right now, like suspending the gas tax.

“They’re being hit hard in the pocketbook and they’re going to continue, for apparently the near future,” Lanane said.

Republicans nixed the idea of suspending the gas tax and noted it’s a primary funding source for infrastructure maintenance and improvement.

Contact reporter Brandon at bsmith@ipbs.org or follow him on Twitter at @brandonjsmith5.

Copyright 2022 IPB News. To see more, visit .

Brandon Smith is excited to be working for public radio in Indiana. He has previously worked in public radio as a reporter and anchor in mid-Missouri for KBIA Radio out of Columbia. Prior to that, he worked for WSPY Radio in Plano, Illinois as a show host, reporter, producer and anchor. His first job in radio was in another state capitol, in Jefferson City, Missouri, as a reporter for three radio stations around Missouri. Brandon graduated from the University of Missouri-Columbia with a Bachelor of Journalism in 2010, with minors in political science and history. He was born and raised in Chicago.