The veto overrides a bill that would retroactively authorize income taxes in Jackson and Pulaski counties.
A bill would provide an income tax credit for three years in an attempt to encourage people to switch to natural gas powered vehicles.
Some county council members said using the taxes to upgrade the convention center was a top priority, but others questioned the benefits it would bring.
The Monroe County Council is considering a proposal that would increase taxes on county businesses to pay for an expanded convention center.
This summer, Indiana will begin collecting a 7 percent sales tax on products bought from online retailers, a cost that will likely be passed on to consumers.
Gov. Mitch Daniels announced Wednesday Indiana taxpayers filing alone will receive $111. Those filing jointly will receive $222.
Companies are required to pay a tax on the medical devices they manufacture as a part of the federal health care law.
However, Democratic Senate candidate Joe Donnelly is co-sponsoring a bill in Congress that would eliminate the tax.
The forecast for May was more than actual intake, but the yearly predictions have been fairly accurate.
The Democratic gubernatorial candidate says Indiana should eliminate the state tax on gasoline.