A new study shows Indiana's tax burden for businesses stood at 7.5 percent in 2013.
Indiana is hoping to attract more business from companies located in Connecticut, which recently approved a $1.5 billion tax increase.
Coming into April, tax collections had only exceeded expectations twice in the first nine months of the fiscal year.
Governor Pence is expected to sign a bill repealing the common construction wage, which is a minimum wage for public construction projects.
Indiana revenues have missed the mark seven out of the last nine months, with March collections coming in about $18 million below expectations.
Tax revenues were just barely below projected levels in January, about $2 million off the mark.
Gov. Mike Pence’s proposed tax bill aims to simplify the tax code by, in part, eliminating more than two dozen tax credits.
Among the many provisions of Pence’s bill is a change to a sales tax exemption for Hoosier businesses.
People without coverage could pay a minimum penalty of $95 for each uninsured adult in their households.
The tax on business equipment generates $1 billion a year for local governments.