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Indiana Senate approves income tax cut. Here's how much you would save.

Summary by Indy Star

Senate Bill 451 from Republican Sen. Travis Holdman could lower Indiana's income tax rate further starting in 2030, but it depends on revenue growth.

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dailyjournal.net

Income tax cut, bare-knuckle fighting, fentanyl test strips on the move at Statehouse

While the new governor and budget stewards are tightening state spending due to modest revenue growth, the Indiana Senate on Tuesday passed a bill cutting the state individual income tax rate in the future. Also in the Senate and House, legislators tackled bare-knuckle fighting, fentanyl strips and physician availability. Lawmakers are in the middle of a five-year process to reduce the state’s income tax rate down to 2.9% by 2027. That would be …

1 month ago

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Indiana Capital Chronicle

Income tax cut tops legislative roundup • Indiana Capital Chronicle

Sen. Travis Holdman, R-Markle, presents his tax bill before the Senate on Jan. 28, 2025. (Whitney Downard/Indiana Capital Chronicle)While the new governor and budget stewards are tightening state spending due to modest revenue growth, the Indiana Senate on Tuesday passed a bill cutting the state individual income tax rate in the future. Also in the Senate and House, legislators tackled bare-knuckle fighting, fentanyl strips and physician availab…

1 month ago

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Indy Star

Indiana Senate approves income tax cut. Here's how much you would save.

Senate Bill 451 from Republican Sen. Travis Holdman could lower Indiana's income tax rate further starting in 2030, but it depends on revenue growth.

1 month ago·Indianapolis, United States

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news-banner.com

Income tax cut tops Indiana legislative roundup

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1 month ago·Bluffton, United States

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paxtonmedia.com

Income tax cut tops legislative roundup

INDIANAPOLIS — While the new governor and budget stewards are tightening state spending due to modest revenue growth, the Indiana Senate on Tuesday passed a bill cutting the state individual

1 month ago·Searcy, United States

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wibc.com

Indiana Senate Approves Income Tax Rate Bill

Source: Tetiana Kitura / Getty The Indiana Senate passed Senate Bill 451. It’s an effort that could lower state income taxes and bring Indiana closer to eliminating them entirely. The bill, proposed by Sen. Travis Holdman, would reduce the income tax rate from 2.9% in 2027 to 2.85% in 2030, but only if state revenue grows by more than 3% annually. Holdman has stated that he wants to eliminate state income tax in Indiana. If revenue continues to …

1 month ago

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