State Senator Luke Kenley said Congress should allow states to collect sales tax from all Internet retailers.
The report says the tax would not deter businesses from moving into Indiana.
Some estimates suggest collecting internet sales tax could bring as much as $400 million to the state.
IU experts say the recent tax cap and the end of the toll road lease will keep local city and county budgets on the edge for at least a few years.
When determining what impact that might have, Indiana Business Research Center Director Jerry Conover says the president’s plan is still short on details.
Some council members say they’re confused about their involvement since they have no authority over other governmental budgets.
Indiana collects more than 2% greater revenue than expected for the first month of fiscal 2012.
IRC says the state is losing hundreds of millions of dollars in revenue.
Howard County officials say a 10.4 million dollar check from Chrysler will help the city pay debt.
Corporate tax rates would fall 2% under a bill passed by the Indiana House Thursday.