Taft Win Returns Millions of Dollars to Municipal Client
March 22, 2024
March 22, 2024
MINNEAPOLIS, Minnesota, March 22 -- Taft, a law firm, issued the following news:
Taft has secured an order enjoining an unconstitutional state law that would have diverted $56 million in local income-tax, or LIT, revenue away from the City of Carmel, Indiana.
The enjoined law capped Carmel's (and only Carmel's) revenues under Indiana's statutory LIT formula. Taft argued that this special law violated Article 4, Section 23 of Indiana's Constitution, which forbids special . . .
Taft has secured an order enjoining an unconstitutional state law that would have diverted $56 million in local income-tax, or LIT, revenue away from the City of Carmel, Indiana.
The enjoined law capped Carmel's (and only Carmel's) revenues under Indiana's statutory LIT formula. Taft argued that this special law violated Article 4, Section 23 of Indiana's Constitution, which forbids special . . .