Size of Indiana income tax cut remains undecided

INDIANAPOLIS (AP) — Indiana legislative leaders say the new state budget will include a personal income tax cut, but it's still uncertain whether it will be as large as Gov. Mike Pence wants.

Republican House Speaker Brian Bosma said Wednesday that negotiations were continuing with the Senate and the governor's office on the size of the cut.

Pence has sought a 10 percent cut in the individual income tax rate. The House didn't include an income tax cut when it approved a budget plan in February. The Senate this month backed a 3 percent cut.

Bosma and Republican Senate President Pro Tem David Long say negotiators are close to making decisions on the tax cut and other budget matters.

The legislative session is expected to end Friday.

Copyright 2014 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

 

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