Study: Indiana tax code discourages small businesses - 13 WTHR Indianapolis

Study: Indiana tax code discourages small businesses

Posted: Updated:
INDIANAPOLIS -

A new study suggests that Indiana's tax code discourages small, home-grown businesses that fuel job creation.

The study by Ball State University's Center for Business and Economic Research looked at Indiana's business tax structure. Center director Michael Hicks tells The Indianapolis Star that the worst thing you can be in Indiana "is a small manufacturing company that has organized itself as a corporation."

He says those are exactly the kind of companies the state should want to be creating jobs.

Hicks and co-author Hilary Fichter found several tax code inequities that result in larger, service-oriented businesses almost uniformly paying a smaller share of total revenue in state taxes than smaller, manufacturing-based firms.

The Indiana Economic Development Corporation defended the state's tax structure in an e-mailed statement.

Information from: The Indianapolis Star

Copyright © 2012 The Associated Press. All rights reserved. This story may not be published, broadcast, rewritten or redistributed without the prior written authority of The Associated Press.

Powered by WorldNow
Links to the FCC website to view WTHR and/or WALV’s on-line public inspection files:
WTHR: https://stations.fcc.gov/station-profile/WTHR   ||   WALV: https://stations.fcc.gov/station-profile/WALV
Individuals with disabilities may contact Jill Pursell at publicfile@wthr.com, or 317.655.5602, for assistance with access to the public inspection files.
Powered by WorldNowAll content © Copyright 2000 - 2013 WorldNow and WTHR. For more information on this site, please read our Privacy Policy and Terms of Service.