Small-business owners are among the hardest-working Hoosiers in our state, and State Senator Mike Bohacek said in a recent release, “I want to do my part in supporting them.”
The senator continued, “That's why I voted in favor of Senate Bill 2 last week, which would level the playing field to allow small businesses to qualify for the same federal tax deductions that larger corporations already receive.” This change could amount to $50 million in federal tax savings for Indiana businesses.
In 2021, Indiana set a record for the most business filings in a year at 94,670 and was recently named the No. 1 state to start a business in 2023 by Forbes.
Senator Bohacek said, “Small businesses are the backbone of our communities, and I believe offering this targeted tax relief would make Indiana an even greater destination for small businesses and start-ups.”
To learn more, click here.
4C Health updates role title to better reflect recovery-oriented care
New Smart SNAP regulations to begin January 1
Logansport house fire damages two homes and injures two firefighters Christmas Day
Ray Allison named next executive director of the Indiana State Fair Commission
INvestABLE Indiana announces expanded eligibility criteria beginning January 1
Indiana advances coal ash permitting program
