INDIANAPOLIS, Ind. (ADAMS) – Income taxes in Indiana are set to slowly go down over the next few years.
On Wednesday, Governor Eric Holcomb signed a new law that will gradually lower Indiana’s individual income tax rate from 3.2% to 2.9% over the next seven years.
Some Republicans at the Indiana Capitol wanted a larger tax cut.
While Democrats at the statehouse didn’t want any cuts – arguing instead for a letting up on the state’s gas tax.
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