Advocacy News

E-News 10-6-23 STATE GOVERNMENT RELATIONS Lawmakers May Nix State's Income Tax Indiana lawmakers are considering eliminating the state individual income tax as part of its review of Indiana's tax structure. Lawmakers are already phasing down the state income tax – by 2027, Hoosiers will pay 2.9% on earned income, down from the current 3.15% rate. But someone making $50,000 a year would save an additional $1,450 a year if income tax was thrown out altogether. It also would mean Indiana could lose out on the almost $8 billion annually. That’s more than a third of the state's total tax revenue. If...
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E-News 9-29-23 STATE GOVERNMENT RELATIONS Probate Code Commission Votes Down 2 Drafts of Proposed Legislation The Interim Committee on Probate Code Study Commission voted to include in its final report eight of the 10 proposed pieces of legislation included in the commission's Tuesday meeting agenda. The pair of preliminary drafts omitted from the commission's final report – preliminary drafts 3100 and 3110 – can still be considered by the General Assembly. Read preliminary draft 3100 Read preliminary draft 3110 INPRS Says China Divestments 'Ahead of Schedule' Indiana's Public Retirement...
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E-News 9-22-23 FEDERAL GOVERNMENT RELATIONS ABA, ICBA: Keep Credit Card Routing Bill Out of Defense Spending Bill The American Bankers Association, Independent Community Bankers of America and nine other associations representing banks and credit unions urged lawmakers last Friday to reject another attempt to attach the Credit Card Competition Act as an amendment to an unrelated defense spending bill.  Sens. Dick Durbin, D-Ill., and Roger Marshall, R-Kan., reintroduced the retailer-supported CCCA earlier this year after failing to generate enough support for the legislation during the previous...
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E-News 9-15-23 STATE GOVERNMENT RELATIONS Morales Addresses NASAA Meeting Indiana Secretary of State Diego Morales, co-chairman of the National Association of Secretaries of State (NASS) Securities Regulation Committee, addressed the North American Securities Administrators Association (NASAA) this week at their fall meeting in San Diego. Secretary Morales emphasized the growing importance of financial literacy programs in schools, investor education initiatives, and keeping regulatory pace with the use of technology in investments. "It was an honor to speak at the NASAA Fall Meeting among leaders...
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