Governor Pence Signs Largest State Tax Cut

INDIANAPOLIS, Ind (WOWO): Today Governor Mike Pence signed the  

state’s biennial budget. It’s the largest state tax cut in Indiana history.

“This is a jobs budget, and it signals that Indiana is open for business,” said Pence. “By preserving Indiana’s strong fiscal position, increasing funding for schools and roads, and giving Hoosiers $600 million a year in tax relief, this budget will encourage investment in Indiana.” 

The tax relief package comes through a combination of income tax relief, inheritance tax repeal and other business tax reductions. It’ll help every Hoosier taxpayer, small businesses and family farmers, and make the state more competitive for new jobs.

Pence said he’s appreciative for the legislators who worked to craft this budget. “I commend all the members of the Appropriations and Tax and Fiscal Policy committees, and especially the leadership of Chairmen Tim Brown, Luke Kenley, and Brandt Hershman.”