Judge strikes down law diverting local income tax funds from Carmel to Fishers

A Marion County judge ruled March 18 that a state law that caps the amount of local income tax dollars Carmel can receive and sends any excess to Fishers is unconstitutional. The law went into effect in 2020, initially for a three-year period, and as a result from 2021 to 2023 Fishers received $16.7 million that would have gone to Carmel if the cap hadn’t been in place. In 2023, the legislature extended the cap through 2026, which was projected to send an additional $40 million from Carmel to Fishers....