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Pence Signs Tax Reform Bill into Law

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Indiana Governor Mike Pence today signed into law tax reform which he says will allow Hoosier businesses to grow and create jobs by making it possible to phase out the business personal property tax. Senate Enrolled Act One also lowers the corporate tax rate, giving Indiana the second lowest corporate tax rate in the nation, as well as lowers the financial institutions tax, which according to the Governor's office will save Hoosier job creators 185-million dollars per year when fully implemented.
Indiana House Democratic Leader Scott Pelath says it will be a long wait for those high paying jobs, unless you believe eight-dollars an hour jobs are worth celebrating. Pelath says provisions cutting the business personal property tax will only lead to counties fighting one another to cut taxes for a select few which will lead to increased burdens on local governments, schools and families.


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