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Property tax rates in Indiana are capped a maximum of 1% of value for residential, 2% of value for rental and farmland, and 3% of value for all other types (the actual rates may be higher, but the maximum paid after deductions is capped through a "circuit breaker" tax credit). [8] The property taxes are assessed ad valorem.
Moore, 178 U.S. 41 (1900), confirmed that the estate tax was a tax on the transfer of property as a result of a death and not a tax on the property itself. The taxpayer argued that the estate tax was a direct tax and that, since it had not been apportioned among the states according to population, it was unconstitutional.
An employer in the United States may provide transportation benefits to their employees that are tax free up to a certain limit. Under the U.S. Internal Revenue Code section 132(a), the qualified transportation benefits are one of the eight types of statutory employee benefits (also known as fringe benefits) that are excluded from gross income in calculating federal income tax.
Of the additional 2.75% sales tax available for transit, the 2018 referendum proposed to use 0.5% and increase to 1.0% later, leaving 1.75% available. That referendum failed.
Access Johnson County is the primary provider of mass transportation in Johnson County, Indiana, with six routes serving Franklin and Greenwood. As of 2019, the system provided 111,612 rides over 58,861 annual vehicle revenue hours with 8 buses and 18 paratransit vehicles.
Ben Franklin Transit’s board is reviving a push to reduce its local sales tax, at a time when the transit system could already be set to lose roughly 10% of its funding due to a statewide ballot ...
The system's secondary transfer center is the Mishawaka Transfer Center, located in Downtown Mishawaka. [23] The station is also served by the Interurban Trolley. [28] In the early 2000s, there had been consideration given to moving the transfer center from its location at Fourth Street and Church Street to a location closer to the St. Joseph ...
As with most transit agencies, CityBus saw a decrease in ridership in 2020 due to the COVID-19 pandemic, a small increase was observed in 2021 and again in 2022. The corporation's revenue for 2022 was $15.09 million, with approximately $3.3 million coming from farebox collections, pass sales, charters and other services. [ 3 ]