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Gov. Eric Holcomb's modest 2022 agenda led by business tax cut

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Brandon Smith
/
IPB News
Lt. Gov. Suzanne Crouch, left, and Gov. Eric Holcomb discuss their administration's 2022 agenda.

Gov. Eric Holcomb will push lawmakers to reduce the tax burden on Indiana businesses in the upcoming legislative session. And he’s open to a discussion on other tax cuts – but not eager to do so this year.

Holcomb unveiled his modest 2022 agenda Monday.

Indiana’s business personal property tax is a levy on business equipment. Holcomb’s proposal would essentially eliminate a minimum level that all businesses pay for that tax on new equipment. He said it will help Indiana better compete for companies to move to the state.

Reducing that tax will cost local governments millions in revenue. Holcomb said the state should ensure those governments don’t lose out.

“Ours is on new equipment, so it wouldn’t be realized for years to come and it would give us time to actually understand what that price tag is,” Holcomb said.

Brandon Smith is excited to be working for public radio in Indiana. He has previously worked in public radio as a reporter and anchor in mid-Missouri for KBIA Radio out of Columbia. Prior to that, he worked for WSPY Radio in Plano, Illinois as a show host, reporter, producer and anchor. His first job in radio was in another state capitol, in Jefferson City, Missouri, as a reporter for three radio stations around Missouri. Brandon graduated from the University of Missouri-Columbia with a Bachelor of Journalism in 2010, with minors in political science and history. He was born and raised in Chicago.