CHICAGO — An Indiana legislative panel approved a transit proposal for central Indiana Nov. 21 that would rely on new local taxes for financing.

The Central Indiana Transit Study Committee, made up of key lawmakers, voted 12-1 for the plan, which would call for voters in five counties to approve a new income tax on corporations and residents. Sen. Pat Miller, R-Indianapolis, wrote the proposal and is expected to introduce it in the upcoming 2014 session.

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