(INDIANAPOLIS) — Indiana Chamber of Commerce President Kevin Brinegar, a member of the Commission on Business Personal Property and Business Taxation, comments on the group’s recommendations passed today:
“We look forward to seeing legislation introduced to bring these common sense next steps to the full General Assembly. This is part of the evolutionary process of moving to eliminate the negative impacts of the business personal property tax on employers and their workers, while ensuring that local governments have the resources to provide needed services.
“A de minimis small business exemption will eliminate the preparation time and cost of this tax for approximately 150,000 organizations that combine to pay only $10 million. It is one of several important recommendations that allow businesses to focus on job creation, not government regulation.”
The Indiana Chamber partners with 15,000 members and investors – representing 2.6 million Hoosiers – to achieve the mission of “cultivating a world-class environment which provides economic opportunity and prosperity.”