Indiana Senate Announces Brandt Hershman will Chair Commission on Personal Property and Business Taxation
During the summer and fall, State Sen. Brandt Hershman (R-Buck Creek) will chair the Commission on Business Personal Property and Business Taxation.
Hershman authored a new law during the 2014 legislative session that established this commission, which will review the competitive advantages and disadvantages that result from Indiana’s state and local business taxes. The commission will also study the impact of property taxes and tax increment financing and make recommendations on how to best structure these taxes.
“While Indiana maintains a reputation as a low-tax, business-friendly environment, that doesn’t mean our work is done,” Hershman said. “Economists widely recognize the negative impact of certain taxes on business growth, and in order to stay ahead of the curve, we must continually assess our tax climate. Through this commission, we will be able to solidify Indiana’s national status and encourage more companies to set up shop in our state.”
Hershman was also appointed to the following summer study committees, commissions and councils:
Interim Study Committee on Fiscal Policy, vice-chair
Legislative Council, Audit and Financial Reporting Subcommittee
When Indiana’s part-time legislature is not in session, lawmakers are assigned to interim study committees that meet to review the state’s top issues, as identified by the General Assembly during the prior legislative session.
Study committee topics are assigned by the bipartisan Legislative Council, comprised of 16 voting members — eight from the House of Representatives and eight from the Senate.
To view interim committee agendas and stream hearings online, visitiga.in.gov and click on “Interim Committees.”