The 2013 session of the Indiana General Assembly has come to a close and several newly enacted laws will take effect in the coming months. True to our Hoosier priorities, lawmakers advanced measures to keep taxes low for Indiana families and small businesses, strengthen our work force and promote safe, healthy communities.
It was certainly a productive session — the hallmark of which was the final passage of our state’s next two-year budget. While fully funding vital state services like road infrastructure and education, the budget returns hundreds of millions of dollars in tax relief to Indiana residents. This includes a 5 percent income tax cut and the immediate elimination of the inheritance tax.
These tax cuts will give families some breathing room, put hard-earned Hoosier dollars back into the economy and allow employers to grow and hire. I believe the budget will have far-reaching benefits not only for our state and local economies, but for every Hoosier household.
From July 2011 through the first quarter of 2012, Clark and Floyd counties both enjoyed significant net job growth. I only expect these numbers to increase as new low-tax, job-friendly policies take effect.
To promote job growth in Southern Indiana, I authored Senate Enrolled Act 535 this session enabling Clark County to establish a South Central Regional Airport Authority and giving local redevelopment commissions the opportunity to provide revenue to the authority for economic development purposes, if approved by commission members.
Such an authority will help the airport remain a vital component of Southeast Indiana’s transportation network and attract new business development to our growing Port of Indiana Jeffersonville and River Ridge Commerce Center. Additionally, I hope this new law will pave the way for a partnership among the airport, River Ridge and the State of Indiana to provide a road directly connecting the airport with this important industry hub.