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Indianapolis – Indiana will soon join the ranks of 28 other states which do not impose a death tax on their residents. Governor Daniels signing of SB 293, which phases out the tax over ten years, will make Indiana a more welcoming place for entrepreneurs, small business owners, farmers, and the jobs they create.
“Indiana’s legislature has made it easier for family-owned businesses to grow their businesses and hire workers,” said Chase Downham, state director of Americans for Prosperity – Indiana. “Phasing out the state inheritance tax will attract new businesses and encourage expansion.”
Americans for Prosperity – Indiana worked with our state activists to encourage lawmakers to phase out the death tax. Nearly 1,000 AFP – Indiana members sent emails to their state legislators on this issue. These efforts were coordinated with family and business groups across the state.
“People who work hard, save, and create jobs should not be punished with a final tax when they pass away,” Downham added.
SB 293 was authored by Senators Brandt Hershman and Jim Smith and introduced in the House by Representative Eric Turner.
Indiana's Inheritance Tax Phase-Out is a Victory for Economic Freedom | Americans for Prosperity