Hoosier State Press Association - The Indiana Publisher
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Page 2 HSPA calendar Now April 20 May 3 May 4 June 7 June 15 June 21 July 20 July 27 Sept. 21 Sept. 28 Media $ales Basics advertising training available FREE in 2012 for HSPA members HSPA board meeting, Indianapolis Mobile app training, The Indianapolis Star HSPA Foundation board meeting, Indianapolis HSPA Foundation Golf Outing, Southern Dunes Golf Course, Indianapolis Advertising Contest deadline APME/HSPA Foundation Road Show for Reporters, Indianapolis HSPA board meeting, Indianapolis Better Newspaper Contest deadline and HSPA Foundation board meeting & Pulliam Intern Luncheon Circulation Conference, Indianapolis INAEA/HSPA Foundation Advertising Conference, Indianapolis Marriott North HSPA Board of Directors HSPA Officers President: Tim Timmons, The Paper of Montgomery County (Crawfordsville), The Times (Noblesville) Vice President: Greg Morris, IBJ Corp. Secretary: Robyn McCloskey, Pharos-Tribune (Logansport), Kokomo Tribune Bill Masterson Jr., The Times of Northwest Indiana (Munster) Tina West, The Courier-Times (New Castle) Kim Wilson, South Bend Tribune Treasurer: Jon O'Bannon, The Corydon Democrat HSPA Board Members Randy List, Rust Communications Dailies Nondailies Kathy Tretter, Dubois-Spencer County Publishing Co. Inc. Shannon Williams, Indianapolis Recorder John Haley, Pulaski County Journal (Winamac) Don Hurd, Benton Review (Fowler) HSPA Foundation Board of Directors HSPA Foundation Officers President: Henry Bird, The Herald Bulletin (Anderson) Vice President: John Rumbach, The Herald (Jasper) Secretary: Pat Lanman, Vevay Newspapers Inc. Treasurer: Jeff Rogers, Home News Enterprises HSPA Foundation Board of Directors Barbara King, North Vernon Plain Dealer & Sun Mayer Maloney, Hoosier Times Inc. Jack Pate, Evansville Courier & Press Neal Ronquist, Paxton Media Group Linda Chandler, Ripley Publishing Curt Jacobs, The Madison Courier Gary Suisman, Journal and Courier (Lafayette) April 12, 2012 End of inheritance tax good for businesses M better place following the completion of this year's ses- sion of the Indiana General Assembly. The Legislature passed any Hoosier busi- nesses will find themselves in a Senate Bill 293, which sets in motion the gradual elimi- nation of Indiana's inheri- tance tax – a tax that has hampered the succession and continuation of small, family-owned businesses for decades. The unpopular tax is to be million inheritance). If death occurs after Guest Voice Bill Waltz plished by a credit against the tax liability that increas- es in 10 percent increments every year up to 2022, when it becomes a 100 percent credit and the tax is fully repealed. Let's examine a how the phased out over a nine-year period beginning next year. In addition to the long-term benefit of eliminating the onerous tax, the legislation also provides meaningful immediate relief via changes that will reduce the impact of the tax simultaneous with it being phased out. Beginning this year, the legislation raises the exemp- tion threshold for most inheritors from the current $100,000 level to $250,000. This will save children legislation will operate in a scenario in which a child inherits business assets worth $1.75 million from a parent proprietor who dies next year. First, the tax would be 2013, the savings on the $1.5 million amount would increase by another 10 per- cent/$15,000 for each subse- quent year (for example, 20 percent/$30,000 in 2014, 30 percent/$45,000 in 2015 and so on) until 2022 (100 per- cent/$150,000). Such savings are sig- nificant to those trying to maintain a business during a period that is not only dif- ficult emotionally but often financially too. I applaud the Indiana General Assembly for taking the step to rid heirs of this burden. Their action benefits not inheriting the family busi- ness as much as $15,000 this year. And when the phase-out reduced by $15,000 as a consequence of the raising of the exemption threshold from $100,000 to $250,000 ($15,000 represents the tax on the additional $150,000 exempted under the new law, taxed at the maximum rate of 10 percent applied to all transfers over $1.5 million). Then, the $1.5 million bal- commences next year, inheri- tors will also see the tax on the balance of the inheritance reduced by 10 percent each year until 2022. The phase-out is accom- MOBILE Continued from Page 1 "Smartphones – Smart ance would be reduced by another $15,000 (represent- ing the savings associated with the initial 10 percent increment of the phase out that starts in 2013, or 10 percent of the $150,000 tax due on the remaining $1.5 Diversity Institute. The AP Photo Managers Journalism" attendees who do not have their own smart- phones to use during the hands-on workshop will uti- lize iPod Touch 4Gs loaded with apps and provided for training by The Freedom Forum. Hoeppner oversees mul- HSPA staff Steve Key, executive director and general counsel skey@hspa.com • (317) 624-4427 Karen T. Braeckel, HSPA Foundation director kbraeckel@hspa.com • (317) 624-4426 Pamela Lego, MAP advertising director plego@hspa.com • (812) 350-7711 Milissa Tuley, communications specialist mtuley@hspa.com • (317) 624-4430 yyeadon@hspa.com • (317) 624-4433 Yvonne Yeadon, office manager Shawn Goldsby, advertising coordinator sgoldsby@hspa.com • (317) 803-4772 Employees sought Advertising director – The Vin- cennes Sun-Commercial seeks an advertising director to lead a display, classified and website sales staff. The paper publishes Tuesday through Sunday along with an expanded TMC, website and niche products. The advertising director must provide excellent leadership and development for the sales team and support staff to achieve revenue goals. 41 E. Washington St., Suite 301, Indianapolis, IN, 46204, (317) 803-4772. ISSN 0019-6711 USPS 058-730. The Indiana Publisher is published bi-weekly by Hoosier State Press Association, 41 E. Washington St., Suite 301, Indianapolis, IN, 46204, (317) 803-4772, Fax (317) 624-4428. Website: www.hspa.com Periodicals-class postage paid at Indianapolis, Ind., and at additional mailing office. Postmaster: Send address changes to Subscriptions $25 per year. Ad rates furnished upon request. The candidate must be able to provide the sales staff with effective training and coaching to ensure con- tinue market growth while maintaining superior customer service. We are looking for someone who is highly motivated and has strong administra- tive and team-development skills, proven sales ability and a positive attitude. Send resume with cover letter and salary requirements to bferguson@ suncommercial.com or to Bill Fergu- son, Publisher, Vincennes Sun-Com- mercial, P.O. Box 396, Vincennes, IN 47591. timedia and mobile media instruction and a number of other academic initiatives at The Freedom Forum just those directly affected but the state in general. No longer will Indiana stand out in a negative way by imposing a "death tax," a tax on income and assets on which taxes have already been paid, a tax that encour- ages retirees to flee their Hoosier roots, and a tax that hampers those who are left to carry on the businesses their parents spent years growing. The benefits of eliminating the inheritance tax will pay off for generations to come. dent for taxation and pub- lic finance at the Indiana Chamber of Commerce. Bill Waltz is vice presi- board member also previously served as The Star's deputy director of photography and spent 10 years as photo edi- tor and staff photographer at the Argus Leader in Sioux Falls, S.D. During the session, par- ticipants will explore some of the best multimedia apps on the market and improve their storytelling with pho- tos, videos, audio blogs and more. They will learn about apps and equipment to help them Member notices Newsroom editor/reporter – The Greensburg Daily News is seeking resumes from energetic journalists with a passion for reporting news to the local community. Applicants should be skilled in multi- tasking, editing and writing. Digital, print and photography skills are a must. The new hire will manage a staff of three reporters. Submit your letter of interest, resume and a minimum of three clips to ap- plications@IndianaMediaGroup.com. Reporter/photographer – Do you have a passion for community jour- nalism? Do you see a story every- where you look? Are you ready to make a difference in a community? Then we want you. Reporter/photographer with pagination skills needed at community daily news- paper to join a three-person team. Apply with samples to Winchester News Gazette, 224 W. Franklin St., Winchester, Ind. 47394 or ntcindy payne@comcast.net. Circulation manager – The Decatur Daily Democrat is currently seeking responsible, energetic candidates for the position of circulation manager. This unique entry-level management position contains, clerical, marketing, managerial and rolled-up-shirt-sleeve duties such as delivering newspapers and recruiting and training walking carriers and motor route drivers when necessary. The position is a full-time, salaried position that would be considered a department manager, overseeing all aspects of sales, service and collec- tions within the department. This is a perfect opportunity for someone look- ing for an entry-level position with the opportunity to grow with the company. Many possibilities for career advance- ment exist. If you are honest, depend- able and looking for an opportunity to show what you can do, we offer prac- tical training, mileage reimbursement, health insurance, vacation, 401K, and a comfortable work environment. Interested candidates must have dependable transportation and should send resume and salary requirements to Circulation manager c/o Ron Sto- rey, Decatur Daily Democrat, 141 S. Second St., Decatur, IN 46733. publish faster on both iPhone and Android platforms. The mobile journalism workshop begins at 10 a.m. May 3 at The Indianapolis Star, 307 N. Pennsylvania St., downtown Indianapolis. The session ends at 4 p.m. Register by Friday, April 20 for the $25 early-bird fee. After that date registration costs $35. The fee includes lunch and newspapers received by mail or sign up online at www. hspafoundation.org/events. parking. To register, return the form