A debate in Indiana has been taken to the next level as it was announced this week that the state Senate has approved a measure by a 35-11 vote that will cut taxes for local businesses.

According to an article from the Associated Press, the new package was approved on January 30 and has two main components. The first will cut property tax for roughly 70 percent of companies across the state. Specifically it affects organizations that have less than $25,000 worth of business equipment. The second part cuts income tax from 6.5 percent to 4.6 percent.

The bill was proposed by Republican Governor Mike Pence and has been debated since last month. Those who are in favor of the measure argued that it will help prevent Indiana businesses from looking for greener pastures, while helping attract businesses from other states that are looking to start anew.

On the other hand, State Democrats who opposed the plan believe that the cut could lead to a reduction in services and aid that hurts the business atmosphere. The estimate is that local government and school districts could be out hundreds of millions of dollars in the long run.

"I think we all see this as the most significant piece of revenue loss coming down the road that local governments have ever seen in the state of Indiana," state Association of Cities and Towns Director Matthew Greller told the news source.

The corporate landscape in Indiana is changing and organizations need to make sure they are optimizing all operations like business management software solutions.