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General Assembly Passes Senate Bill 1
Friday Mar 14, 2014 10:13am
Indianapolis

By: Jim Measel

(INDIANAPOLIS) - Observers think Indiana Governor Mike Pence got most of what he wanted as the General Assembly wrapped up its work on Thursday. A vote on Senate Bill 1 which would reduce the state's corporate income tax to 4.9 percent over the next six years was along party lines. Backers say it will help create jobs in Indiana but opponents fear it will mean less revenues for local governments which could lead to a reduction in services. The Indianapolis Star reported that lawmakers agreed to give local counties the option of cutting some business equipment taxes as part of an economic development effort. The Star also reports legislators passed a pre-school program for low-income children and they approved up to $400 million for state highway expansion. A bill that would have called for the screening of welfare recipients to see if they were using drugs died in the Senate on a tie vote after it passed the House.

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