by Scott Drenkard
Tax Foundation
January 23, 2014
In the Tax Foundation’s State Business Tax Climate Index last year, Indiana ousted Texas from the top ten in its ranking because of a concerted effort in recent years to lower tax rates, slow growth in government spending, and maintain competitiveness in the region. In Tax Foundation Economist Scott Drenkard’s testimony before the Indiana House Ways and Means Committee, he examines another area for possible reform, the Indiana business personal property tax. Business personal property taxes are largely unknown to the general public, but they distort the marketplace and have tremendous compliance costs. Today, 39 states levy taxes on a broad class of tangible personal property, but reliance on the tax has decreased. Indiana has in the last few years led the country on implementing pro-growth tax reform, and this represents another opportunity set an example to other states.



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