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MEET CRAIG D WELLS CANDIDATE FOR IU BOARD OF TRUSTEES

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MEET CRAIG D WELLS CANDIDATE FOR IU BOARD OF TRUSTEES

Craig D. Wells

I owe a lot to Indiana University. The education I received both in the classroom and through my life experiences as a student changed me as a person. IU gave me what I needed to succeed in my career. It not only gave me the skills necessary to succeed, but the confidence in myself to use those skills to realize my full potential.  Further, in the years since graduating, the connections I have made through IU have proved to be immensely valuable in helping to advance my career. What I have gotten out of IU has far outweighed what I paid in tuition and room and board. Throughout my career, I have tried to find opportunities to give back to the university that has given me so much.

Since graduating from IU with a Bachelor of Science in Business in 1994 and later with an MBA in 2002, I have had the privilege of giving back to IU financially and through service as an alumni mentor at the Kelley School of Business, as a board member of my local chapter of the IU Alumni Association, as a member of the Alumni Leadership Network, and as a Life Member of the IU Alumni Association.  One of my favorite ways of serving IU has been as an Alumni Mentor. Over the years, I have spent countless evenings at the Business Placement Office at the Kelley School of Business meeting with undergraduate students in X220 and X420 performing mock interviews and conducting resume reviews.  My work to support the institution I love, however, pales in comparison to what I have received from it. That’s why I am seeking to take my service to a new level by seeking a seat on the Board of Trustees.

I would consider it the highest honor to be chosen to represent you, the alumni, on the Board of Trustees. As a trustee, my first priority would be to safeguard the foundation of academic excellence for which IU is known globally. The Indiana University of today looks very different than the IU from which I graduated. Just as our campuses have changed physically with new and upgraded facilities to meet the changing needs and wants of students, so too have the courses, majors and degrees adapted to a changing world. The way education is delivered has also changed to keep pace with an increasingly busy and interconnected world. This is a testament to the faculty, administrators, and trustees, both past and present, who recognize the importance of remaining relevant in a changing world.

Maintaining academic excellence, however, is futile if our citizens can’t afford to take advantage of what our university has to offer. Therefore, another one of my top priorities as a trustee will be to ensure that the administration maintains a vigorous pursuit of affordability in education. Too many students today graduate with staggering student loan balances. Nationally, the growth of student loan debt has now eclipsed that of personal credit card debt. This is unsustainable and a drain on our nation’s economy.

As a trustee, I will seek increased investment from the Indiana General Assembly, work to ensure that the University maintains a responsible budget that minimizes those costs that don’t impact academic excellence, and preserve the University’s stellar credit rating. As the Chief Financial Officer for the Indiana Housing and Community Development Authority, I understand the importance of maintaining the highest level of financial responsibility. This results in millions of dollars in savings through lower borrowing costs. IU currently maintains a AAA bond rating (the highest possible) and, as a trustee, I will make sure that every decision takes into account the impact on the bond ratings.

As I have talked with alumni here in Indiana and elsewhere, one common theme has emerged. Many alumni wish they were more connected to IU. They wish that IU offered more career-enhancing opportunities. And they wish that they had stronger ties to their fellow alumni. I believe that a degree is only as valuable as the alumni family that stand behind it. As such, another top priority will be to strengthen the focus on alumni.

It has been an honor to be supported by so many wonderful alumni here in Indiana, across the country, and around the world. I hope you will join those who have nominated me for this ballot, and vote for me to represent you on the Board of Trustees of Indiana University. As your representative on the board, I will welcome your input, comments, ideas, suggestions and questions. I hope to earn your trust not only during this election, but during my entire tenure as a trustee. Thank you and Go Hoosiers!

North High School Offers Summer STEM Camp

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North High School Offers Summer STEM Camp
June 19 – 23
8 – 11:30 a.m.
North High School, 15331 Highway 41, North
Learning doesn’t stop in the EVSC just because school is technically out for the summer. More than 30 junior high school students will participate in North High School’s Summer STEM Camp next week. The school hosted a similar camp this week for elementary students and next week will invite students entering grades 7 through 9.
Throughout the week, campers will be busy building VEX Robots and creating challenges for them to accomplish. They also will work with EV3 Robotics to create and program them to compete in a Sumo Ring battle. Campers will work with 3D printing and create a 3D scan of themselves. In addition, they will use CAD to develop and create products and learn about electricity and alternative energy sources.

Adopt A Pet

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Emily is a 5-month-old female black Lab puppy! Like most puppies, she’s sweet, silly, & likes other dogs. Her adoption fee is $120 and includes her spay, microchip, and first vaccines & deworming. Contact the Vanderburgh Humane Society at (812) 426-2563 or adoptions@vhslifesaver.org for details!

Tax Court Rules for State Revenue Department In Assessment Case

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Tax Court Rules For State Revenue Department In Assessment Case

Olivia Covington for www.theindianalawyer.com

The Indiana Tax Court has granted summary judgment to the Indiana Department of State Revenue after finding the department’s proposed assessments of a northern Indiana heating equipment manufacturer were not void as a matter of law.

In July 2010, the Department of State Revenue notified Thermo-Cycler Industries Inc., a heating equipment manufacturer based in LaPorte County, that it planned to conduct a compliance audit for the 2007, 2008 and 2009 tax years and would need access to Thermo-Cycler’s federal income tax returns, sales reports showing total and exempt sales, and withholding tax forms. The audit date was postponed several times, and by January 2011, the requested records had not been provided to the revenue department.

The audit was eventually conducted using the “best information available,” and in April 2011, the department issued an audit summary and proposed assessments against Thermo-Cycler imposing roughly $70,000 in sales and use tax liabilities for the 2008, 2009 and 2010 tax years. The proposed assessments were based on figures extrapolated from Thermo-Cycler’s 2007-2009 tax returns.

Thermo-Cycler protested the assessments, claiming they were void as a matter of law because the department did not follow the statutory audit procedure or, in the alternative, that the amounts set forth were improper because of mathematical errors.

The revenue department rejected the void as a matter of law claim, but granted the portion of the protest relating to the math errors. Revised proposed assessments were then issued showing sales and use tax liabilities totaling $62,000.

Thermo-Cycler filed an appeal in October 2011, and while the appeal was pending in 2013, the department again reduced the proposed assessment to $16,000. Both parties then moved for summary judgment in the case of Thermo-Cycler Industries, Inc. v. Indiana Department of State Revenue, 71T10-1110-TA-00062, in July 2016.

On appeal, Thermo-Cycler again claimed the proposed assessments were void as a matter of law because the department failed to get a subpoena and court order before completing the audit and because the department wasn’t authorized to conduct a best information audit. Further, Thermo-Cycler argued it was never notified prior to the issuance of the assessments that tax year 2010 would be included, an omission it says constitutes a due process violation under the federal and state constitutions.

But Indiana Tax Court Judge Martha Blood Wentworth disagreed, writing in a Thursday opinion that Thermo-Cycler misread the language of Indiana Code 6-8.1-3-12(d) when it made its argument regarding a court order and subpoena. That statute holds the department “may subpoena the production of evidence…,” but the use of the word “may” indicates the department can, but is not required to, issue and enforce a subpoena.

Similarly, Wentworth said Thermo-Cycler misconstrued the meaning of Indiana Code 6-8.1-5-1(b), which holds that “if the department reasonably believes that a person has not reported the proper amount of tax due, (it) shall make a proposed assessment of the amount of the unpaid tax on the basis of the best information available to (it).”

In this situation, Thermo-Cycler’s federal tax returns – the only information available to the department – led it to believe the company had underreported its sales and use tax liabilities. Thus, it was proper for the department to rely on those returns to complete the audit in light of Thermo-Cycler’s refusal to provide access to the other requested documents, Wentworth said.

Finally, the tax court judge said the evidence does not show Thermo-Cycler was injured by any procedural due process violation with respect to the 2010 proposed assessment. The company was given the opportunity to protest the 2010 assessment and present evidence contesting it, she said, and “due process requires no more.”

Agriculture Photo Contest by Wendy McNamara

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Indiana’s agricultural industry provides more than 100,000 jobs for Hoosiers and contributes over $31 billion to our economy.

To highlight the hard work and contributions made by Hoosier farmers, the Indiana State Department of Agriculture is accepting submissions for the 10th Annual Indiana Agriculture Photo Contest. The contest is open to the general public, and winning photographs will be featured during a ceremony at the 2017 Indiana State Fair.

If you are interested in participating in the contest, you can submit up to five digital photos by June 30. Photos can be horizontal or vertical and must be taken in the state by an Indiana resident.

Photos can be entered under four categories:

  • Conservation: Highlighting Indiana’s natural beauty with photos of landscapes, water and wildlife;
  • Agritourism: Showcasing seasonal and agricultural destinations, orchards, wineries, farmers markets and produce photos;
  • Faces of Agriculture: Featuring Hoosiers who grow and produce food, fuel and fiber engaged in farming/agricultural activities; and
  • On the Farm: Spotlighting buildings, equipment or activities that are part of life on an Indiana farm.

Winners of the contest will have their photographs featured in the offices of the lieutenant governor’s Family of Business in Indianapolis and will be special guests during the Celebration of Agriculture at the Indiana State Fair.

I know we have many talented individuals in our community, and I encourage anyone interested in showing off their photography skills to enter. For all the rules and details about the contest, click here.

AG Hill warns consumers of deceptive promotions pertaining to Tobacco Master Settlement Agreement

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AG Hill warns consumers of deceptive promotions pertaining to Tobacco Master Settlement Agreement

ISP Museum Open Saturday, June 17th

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ISP Museum Open Saturday, June 17th

Distracted Driving Simulator Available for Preview

The Indiana State Police Museum will be open this Saturday, June 17th from 12pm to 4pm. Visitors can see several patrol cars (including a two-headed police car), learn about famous gangsters such as John Dillinger, discover the different specialty teams within the Indiana State Police, and more.

During this time, visitors will be able to preview the museum’s latest item – a distracted driving simulator. Visitors will experience the dangers of driving distracted as well as practice their driving skills through this state of the art simulator. This program is only available to visitors with learner’s permits or driver’s licenses.

Want more information? You can email us at ISPMuseum@isp.in.gov or call us at (317) 899-8293.

ISP Museum 1