A new Downtown tax is gaining momentum. Here’s what it would mean for you. – Amy Bartner – IndyStar.com

Downtown property owners are getting closer to voluntarily taxing themselves so they can raise more than $3 million a year over the next decade to improve the Mile Square.

Downtown Indy Inc., the city marketing organization leading the move, has more than half the signed petitions it needs for the tax to pass. Downtown Indy President Sherry Siewert said she is confident in getting the rest of the required signatures.

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Indianapolis-area counties see big surge in early property tax payments – Hayleigh Colombo – IBJ.com

Thousands of residents in central Indiana pre-paid their property tax bills before Jan. 1, resulting in more than $31 million in early payments, according to research by IBJ.

It’s not clear how many of the payments were being made early to try to take advantage of an income tax deduction that will soon change because it’s not unusual for some people to pay in advance, but the amount of early payments marked a significant increase for some areas.

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$4.4M in city tax breaks on track for approval – Dave Taylor – Tribune Star

Tax breaks for some significant industrial and commercial investments in Terre Haute are making their way through the approval process. The procedure requires two votes by the City Council, the mayor’s signature and action by the city’s Board of Public Works and Safety.

The public works board signed off Tuesday on property tax abatements totaling $4.4 million on $48 million in investments that businesses say will create or retain 158 jobs with annual payrolls totaling $8.2 million. Salaries would range from $42,567 to $75,000.

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Simon sues Starbucks in bid to block mass Teavana closings – Indiana Business Journal Staff – Indiana Lawyer

In an unusual legal move, Simon Property Group Inc. has sued Starbucks Corp. over the coffee giant’s plan to close 78 Teavana stores in its malls across the country.

Indianapolis-based Simon, the country’s largest shopping mall operator, says in the lawsuit that Starbucks is breaching its leases by closing the Teavana stores and “shirking its contractual obligations at the expense of Simon’s shopping centers and the dozens of communities they serve and support.”

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Group calls for review of commercial tax assessments – Dave Taylor – Tribune Star

An outside review of commercial property assessments is the first recommendation from a group working for more efficiency in Terre Haute and Vigo County government.

A 10-member team study team chaired by restaurant owner Scott Womack released a report Wednesday charging that under-assessment is costing the city and county millions of dollars in property tax revenues.

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