A tax on business equipment that makes up about 8 percent of the money needed to pay for government workers, new equipment and utilities is staying for now.
The state will allow counties, cities and towns to eliminate the tax businesses pay on equipment or give longer tax breaks to companies; but local officials don’t intend to use either method often, if at all.
Gov. Mike Pence asked state lawmakers to eliminate the business personal property tax, which is paid on equipment such as machinery. Getting rid of the tax would have cost the state and local governments about $1 billion each year, so lawmakers scaled back the idea to allow counties, cities and towns to make the decision on whether to slash it.