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The renewable energy exemption states that the assessed value of any wind system installed after December 31, 2011 is eligible for property tax exemption pending the completion of state form 18865. The sales tax incentive states that the equipment used to produce renewable electricity are eligible for a sales tax exemption.
In 2014, the Indiana state legislature passed a law that cut the corporate income tax from 8.50% in 2014 to 6.25% in 2016, with further decreases to be phased in until the rate falls to 4.9% in 2022. [5] Indiana is the only state that imposes corporate income taxes based on fiscal year instead of calendar year.
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The Indiana Code in book form. The Indiana Code is the code of laws for the U.S. state of Indiana. The contents are the codification of all the laws currently in effect within Indiana. With roots going back to the Northwest Ordinance of 1787, the laws of Indiana have been revised many times.
State taxes for the state's National guard members are now exempt, starting with the 2023 state tax returns.
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A new Indiana state law makes it possible for county to adopt the credit. Losses estimated for county, cities, towns, townships schools and libraries. Proposed credit for seniors in St. Joe County ...
The council members serve four-year terms. They are responsible for setting salaries, the annual budget, and special spending. The council also has limited authority to impose local taxes, in the form of an income and property tax that is subject to state level approval, excise taxes, and service taxes. [8] [9]