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Business Personal Property Tax Break

The House has passed its version of a business personal property tax break.

The House bill would give each county the option of exempting new business equipment from the tax.

Co-author Steve Braun of Zionsville says Indiana's Economic Development Corporation has said the tax is the biggest drag on its efforts to lure new companies.

Governor Pence has proposed a statewide phase-out of the tax, but has said he'd support either the House bill or a Senate version which focuses on small businesses.