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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.
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.
The American Farm Bureau Federation (AFBF), more informally called the American Farm Bureau (AFB) or simply the Farm Bureau, is a United States–based 501(c)(5) tax-exempt agricultural organization and lobbying group. [1] Headquartered in Washington, D.C., the Farm Bureau has affiliates in all 50 states and Puerto Rico. Each affiliate is a ...
Indiana's more than 12,000 National Guardsmen will no longer pay state taxes for their service-related income beginning with their 2023 tax returns. ... The exemption also applies to Indiana ...
In Indiana, the 10 counties with the highest effective property tax rates alone accounted for 27,105 new residents since 2020, a whopping 61.3 percent of the state’s entire population growth ...
Tax exemption is the reduction or removal of a liability to make a compulsory payment that would otherwise be imposed by a ruling power upon persons, property, income, or transactions. Tax-exempt status may provide complete relief from taxes, reduced rates, or tax on only a portion of items.
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