Advocacy News

E-News 8-18-23 STATE GOVERNMENT RELATIONS Indiana Tax Collections Top Projections for July Despite 3.1% Sales Tax Shortfall Indiana’s state government tax collections for July came in 0.5% above projections even though sales tax revenue fell short of expectations for the fourth straight month, according to the state’s monthly revenue report released last Friday. The shortfall in sales tax collections – the state’s largest revenue source – was offset by higher-than-projected revenue from individual income tax and interest payments. Overall, the State Budget Agency reported just over $1.6 billion in...
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E-News 8-25-23 STATE GOVERNMENT RELATIONS State Tax Review Commission Meets for First Time A new interim State and Local Tax Review Task Force held its first meeting on Aug. 23. The task force was created by legislation last session to evaluate Indiana’s tax structure and determine where potential reforms could be implemented. Lawmakers heard presentations on revenue projections for the state, an overview of the Indiana Financing Authority and a review of the Indiana Public Retirement System. They are expected to review specific taxes, including the state income tax, at future meetings this fall....
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E-News 8-11-23 STATE GOVERNMENT RELATIONS IHCDA Annual Report Shows Increased Interest in Homeownership Program The Indiana Housing & Community Development Authority (IHCDA) recently released its annual report. The organization's Homeownership Program, which provides certain Hoosiers with up to 6% down payment assistance, helped 2,678 homebuyers compared to 2,539 the year prior, providing an average down payment assistance of $9,675, up from $7,680 in 2021, according to the report. Read the report     FEDERAL GOVERNMENT RELATIONS Democratic Senators Urge Fed to Review Bank...
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E-News 8-4-23 FEDERAL GOVERNMENT RELATIONS Federal Judge Delays Section 1071 Compliance Dates A federal judge in Texas issued an order Monday blocking enforcement of the Consumer Financial Protection Bureau's Section 1071 final rule while the Supreme Court hears a challenge to the constitutionality of the CFPB's funding structure. The injunction came at the request of the American Bankers Association, the Texas Bankers Association, and McAllen, Texas-based Rio Bank, in litigation brought challenging the Section 1071 rule. While the judge granted ABA and TBA's request for an injunction, the judge...
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