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Governor Pence Lays Out Economic Agenda



Governor Pence wants to phase out a tax that local governments say will cost them millions, and he also wants to drum up funding to make Indiana's cities more attractive for prospective businesses.

Pence laid out his economic agenda for the 2014 legislative session Tuesday.

He reiterated his call to eliminate the state's business personal property tax, even though some argue that eliminating it could cost local governments up to 500 million dollars in lost revenue.

Getting rid of the tax is part of Pence's plan to compete with other states for jobs.
Illinois and Ohio do not have a business personal property tax, and Michigan is phasing theirs out by 2024.

The governor did not offer specific ideas on how local governments could replace the revenue, saying he wanted state lawmakers and local governments to come up with ideas.

 

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Locations : IllinoisIndianaMichiganOhio
People : Pence Lays