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Indiana started off its new fiscal year on a positive note, collecting two percent more revenue than its spending plan expected as it begins the second year of its budget cycle.
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Indiana is one of more than 20 states with a sales tax on women’s period supplies, according to the Alliance For Period Supplies.
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Indiana's sales tax on gasoline will largely hold steady next month, increasing by just $0.001. But there's a bigger gas tax increase coming in July and, thanks to new legislation, several more Julys to come.
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That tax rate will be 5.4 cents less than August's record-high rate of 62.4 cents, a fluctuation that comes as Indiana's 7% sales tax on gasoline is calculated monthly along with a set tax directed to road projects.
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Indiana has two taxes on gasoline -- the 7% state sales tax and a tax directed to infrastructure projects.
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With Indiana's state tax collections surging, a top Republican legislator is looking at possible significant changes to the state sales tax and cutting property taxes for some businesses.
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A 1992 U.S. Supreme Court decision says states can't force online retailers to collect and remit sales tax if they have no physical connection to the state.
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If you go to the store and buy, say, tax preparation software, you'll be charged sales tax. But if you access that program online, you won't.
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Most businesses who sell online aren't required to collect sales tax if they don't have a physical presence in the state.
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The state's battle to collect online sales tax from non-resident businesses will more likely play out in Congress than in the courts, says one economist.