Today, Governor Mike Pence accepted the Outstanding Achievement in State Tax Reform award, presented by the Tax Foundation. After receiving the award, the Governor committed to future tax reform by announcing the 2014 Indiana Tax Competitiveness Conference, which will bring together fiscal and economic development experts to find innovative solutions to simplify Hoosier tax laws and maintain Indiana's competitive edge in the global market for jobs and investment.
"I thank the Tax Foundation for recognizing the great strides Indiana has made in tax reform for the benefit of both Hoosier families and businesses," said Pence. "In the years to come, we are committed to continuing to build on our progress to make Indiana an even better place to live and work."
The Outstanding Achievement in State Tax Reform award acknowledges Governor Pence's achievement in attaining the largest income tax reduction in Indiana history while maintaining the state's scheduled reduction in corporate taxes and elimination of the inheritance tax.
"Governor Pence has sought further business tax reforms, continued budget restraint, and a determination to make Indiana more attractive to investment and growth," said Tax Foundation President Scott Hodge. "His work is extraordinary in advancing the cause of simpler, smarter tax policy."
Tax Foundation President Scott Hodge, Economist Scott Drenkard and Chairman of the Tax Foundation Board David Lewis presented the award in a Statehouse ceremony at 2 p.m. today.
To continue Indiana's progress, Governor Pence also announced the Indiana Tax Competitiveness Conference, which will take place on June 24 of this year. It will bring together local and national tax experts, including representatives from the Tax Foundation, senior administration officials, and state legislators, with a focus on creating competitive business and individual tax structures in Indiana.
"This conference will help us to examine all of our taxes, look at options across the board, and develop ideas and proposals that we can consider for the 2015 General Assembly," said Governor Pence. "All good ideas are welcome as we strive to make Indiana even more competitive in attracting businesses and jobs for Hoosiers."
The conference will be a full-day event hosted by the Indiana Department of Revenue and the Office of Management and Budget at the Indiana Government Center in Indianapolis.