This piece of special interest legislation should offend Libertarians at many points throughout its incoherent and random array of handouts. The bill, authored by Kokomo Republican John Smith, provides that certain transactions occurring after December 31, 2006, and before January 1, 2009, involving tangible personal property are exempt from sales tax if the person acquiring the property acquires it for the person’s direct use in the production of a motion picture. It also removes the January 1, 2008, deadline for making investments in machinery, equipment, or special purpose buildings used to make motion pictures or audio productions that are eligible for the Hoosier Business Investment Tax Credit. Finally, it further extends the deadline by which an investment must be made in order to be eligible for the HBITC. It begs the question, “Which friend or campaign donor of which legislator wants to invest in a movie so badly that he/she believes himself/herself to be entitled to a taxpayer subsidy and which movie is it?” That particular movie project sn't the only recipient of corporate welfare. The bill also shovels money towards someone’s special interest by allowing that farm mutual insurance companies, but not other companies -- even other insurance companies -- may elect taxation under the gross premium tax. Someone must also have an interest in a farmer’s insurance company.
Author: John Smith
Sponsor: David C. Ford
Aug 15, 2006
This bill establishes that architects, landscapers, land surveyors and professional engineers must pay a fee at the time of issuance or renewal of licenses into an investigative fund. In effect, law abiding business people are being forced to subsidize investigations in their own industry. Why not put costs of investigation onto those that actually commit the crime rather than arbitrarily making the cost of entry higher for honest, young professionals while raising the cost of services to consumers? Making innocent people pay for the crimes of the guilty is not a good way to promote an industry, to ensure accountability nor to spur economic growth in that area.