Miles of Rankings for Indiana
Triple-A credit ratings from Standard & Poor’s, Fitch, and Moody’s
Faster job growth than the USA average
Ranked #1 for “Best Regulatory Environment” by the Pacific Research Institute
Ranked #1 for “Best Infrastructure” and “Lowest Cost of Doing Business”
Right-to-work state with the 2nd best Worker’s Compensation costs in the USA
State Tax Incentives
The State of Indiana offers businesses a wide variety of tax incentives, including:
State refundable tax credits for payroll withholdings
State reimbursement for up to 50% of eligible training costs
State corporate tax credits based on capital investments
No state tax for inventory, gross receipts, sales, and inheritance
Indiana’s corporate income tax has decreased from 6.5% to 4.9%.
The Corporate Adjusted Gross Income Tax is calculated at a flat 8.5 percent of adjusted gross income. Adjusted gross income is a company’s federal adjusted gross income with certain adjustments.
Indiana has a flat state corporate tax rate on adjusted gross income and no gross receipts tax or inventory tax.
Local Incentives and Tax Rates
Pike County’s leadership is business-friendly and is able to offer companies several local incentives to organizations wishing to relocate or expand in the area.
Tax Abatement: Tax abatements on real property and equipment are available for 3, 7 or 10 years on new buildings, building improvements and equipment purchases.
Tax Rates
Tax | Rate |
---|---|
Corporate Adjusted Gross Income Tax | 8.5% (flat rate)* |
Sales and Use Tax (In manufacturing, the following are exempt from the sales tax: raw materials, equipment, power, electricity, and utilities. Wholesale sales, items used directly in production, and sales made in interstate commerce are exempt. In addition, the purchase of research and development equipment is exempt from the tax.) | 7% |
Pike County Property Tax | 0.0799% |
Personal Income Tax | 3.4% of Federal adjusted gross income |