Sunday, October 28, 2007

Tax plan may violate constitution

IndyStar.com:
"Without an amendment, the governor's plan to cap property taxes at different levels for homeowners, landlords and businesses could find itself on the losing end of a constitutional challenge, legal experts say. And because more than one powerful business interest has lined up against the plan, the politically difficult two-year task of amending the state constitution appears essential. At issue: whether the caps, welcomed by residential property owners but not by business interests, meet the constitutional requirement that taxes be assessed at a 'uniform and equal rate.'"

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Sale of 26 Marsh stores approved by bankruptcy court, remaining 18 stores to close

From Fox59 On Tuesday, FOX59 learned two companies won the bidding war: Topvalco and Generative Growth II. Topvalco is a Kroger subsidiary...