indiana legislative update

2014 Edition  |  Table of Contents

Welcome Message
By Tim C. Cook, JD

A popular reality show features the tagline, “Expect the unexpected!” Well, the same can be said for this past session of the Indiana legislature. Not that the Indiana General Assembly resembles reality TV – except for the nonstop drama, behind-the-scenes deal-making, fights between family members, and legislators facing the threat of being voted off the island (i.e., out of office). Still, much of what happened in 2014 was unexpected.

This year’s Indiana Legislative Update provides a summary of the law changes, both expected and unexpected, that occurred in the areas of state taxes and economic development. And they are numerous.

In the realm of income and sales tax, the legislature passed a number of “technical” changes that will have more than a technical impact on many companies doing business in Indiana.

In the world of property taxes, Indiana legislators made a number of significant changes, both to the reporting of property taxes and to the property tax tool chest of local governments.

In the economic development arena, lawmakers enacted several new laws pertaining to incentive oversight, redevelopment commissions that oversee TIF districts, and expanded opportunities for property tax abatement.

Within each of these sections you will find the contact information for the individual in Katz, Sapper & Miller’s (KSM) State and Local Tax Practice who specializes in that area. As you read through these legislative changes and consider whether any of the new laws will affect your business or organization, please feel free to contact our team members.

As an added bonus to this year’s legislative update, we close with a conversation with Tim Rushenberg, vice president of Governmental Affairs & Tax Policy with the Indiana Manufacturers Association (IMA). For members of the IMA Tax Committee, Tim’s weekly updates on legislative activity are required reading to understand the ins and outs of which bills are living, dead or on life support. Before this past legislative session, Tim and I sat down to discuss his take on the results of the 2013 Indiana Manufacturing Survey, commissioned by KSM and developed in partnership with the IU Kelley School of Business - Indianapolis, Conexus Indiana and the Indiana Manufacturers Association. As is always the case when discussing tax topics with Tim, the breadth and depth of his knowledge is endless.

Lastly, while the legislative summary contained in these pages is a team effort of our entire State and Local Tax Practice, one person in particular is responsible for tracking legislation from start to finish each session, as well as consolidating those changes into a format that we can share with clients and friends of the firm. So, I want to send a special shout-out to our man in the trenches where bill tracking is concerned, Tim Conrad. Tim, thanks for your great work. Given your first name, I wouldn’t expect anything less! 

That is all for now. Our annual legislative update will return around this time next year for a summary of the 2015 budget session of the Indiana General Assembly. Until then, the tribe has spoken.


Connect with Tim 
Tim C. Cook is the partner-in-charge of Katz, Sapper & Miller's State and Local Tax Practice as well as KSM Economic Development, part of the Katz, Sapper & Miller Network. Tim supervises and coordinates all state and local tax consulting services, including business incentives and site selection services, multi-state taxes, unclaimed property, and controversy services.