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2007 sources of Indiana's revenue. Taxes in Indiana are almost entirely authorized at the state level, although the revenue is used to fund both local and state level government. The state of Indiana's income comes from four primary tax areas. Most state level income is from a sales tax of 7% and a flat state income tax of 3.05%. The state also ...
You can check the status of your Indiana state tax refund online at the state's INTIME portal, or by calling the automated refund line at 317-232-2240. You'll need to provide a Social Security ...
Indiana has a 7% state sales tax. [111] The tax rate was raised from 6% on April 1, 2008, to offset the loss of revenue from the statewide property tax reform, which is expected to significantly lower property taxes. Previous to this it was 5 percent from 1983 to 2002. It was 6 percent from 2002 to 2008. The rate currently stands at 7 percent.
Median household income and taxes State Tax Burdens 2022 % of income. State tax levels indicate both the tax burden and the services a state can afford to provide residents. States use a different combination of sales, income, excise taxes, and user fees. Some are levied directly from residents and others are levied indirectly.
All Indiana counties have a local income tax reported on Form IT-40. The rates for readers in the local area: St. Joseph (.0175), Elkhart (.02) and Marshall (.0125).
Some school districts (either traditional or earned income tax base; reported on separate state form SD-100). RITA (Regional Income Tax Agency). [37] Most cities and villages (more than 600 [38] out of 931) on earned income and rental income. Some municipalities require all residents over a certain age to file, while others require residents to ...
The General Assembly established the state's first sales tax at two percent in 1962. The revenues from the tax led to a host of new projects across the state. The General Assembly also passed the Indiana Civil Rights bill in 1963, granting equal protection to minorities in seeking employment. [52]
The auditor of state, officially doing business as "the state comptroller", functions as the chief financial officer for the whole of state government. In terms of financial accounting, the auditor of state creates and operates the statewide accounting system, maintains a record of revenues, expenditures and balances by state fund, collects debts owed the state, and prepares various financial ...