Anderson Herald in Anderson, Indiana

Indiana Tax Study Panel Recommends New Taxes

Two state commissions urged the 1957 Legislature to consider an 8 local income tax a consumer sales tax and an increased gross income tax. They warned the general fund must stay above 47 million dollars with a target near 90 percent of receipts and noted the fund could drop below 40 million by next June. They also proposed withholding gross income tax from wages a net worth tax on corporations and repeal of the state property tax.