The Indiana legislature has annually looked for ways to improve Indiana’s tax climate during the past two decades to make it more attractive to businesses and to its residents.

Those changes have included reductions in income tax rates, the issuance of tax refunds, the elimination of the throwback rule, and more recently the adoption of a pass-through entity tax. This steadily progressing, finely tuned approach has had excellent results—the Tax Foundation ranks Indiana in its top 10 best business tax climates in the country.

Indiana is now exploring arguably its most ambitious initiative. The Senate earlier this year established a task force to review, among other goals, “[t]he individual income tax, including methods to reduce or eliminate the individual income tax.”

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