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Editorâ€™s note: The following is the second installment of a four-part series on the impact of the BPPT elimination.
COLUMBIA CITY â€” Lawmakers began the 2014 legislative session Tuesday afternoon after extreme weather delayed its start. One of the key issues on the agenda is Gov. Mike Penceâ€™s plan to eliminate the Business Personal Property Tax (BPPT).
â€śAs mayor, I wholeheartedly share in the governorâ€™s goal of making our business climate the best in America,â€ť said Columbia City Mayor Ryan Daniel. â€śWe sure have made some great strides recently such as being named number one in the Midwest and top 10 in the nation by numerous publications.â€ť
This particular tax is applied to business property such as equipment and machinery. Pence told lawmakers that the tax should be eliminated in order to make Indiana more competitive with surrounding states that have long since removed the tax.
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