Sales Tax Exemption - Research and Development Equipment
Phase-in of state sales tax exemption for transactions involving research and development equipment. Depending on date of purchase of equipment, companies eligible to receive a refund of either 50 or 100 percent of sales taxes paid.
Sales Tax Exemption – Motorsports
Transactions involving tangible personal property comprising any part of a professional motor racing vehicle excluding tires and accessories are exempt from state sales tax.
Sales Tax - Personal PropertY
Machinery, tools and equipment acquired for direct use in the direct production, manufacture, fabrication, assembly, processing, refining and finishing of tangible personal property are tax exempt.
Sales Tax - Utilities
Utilities used in certain manufacturing capacities are tax-exempt. Utilities include electrical energy, natural or artificial gas, water, steam and steam heat qualifications set by the Indiana Utility Regulatory Commission.
Economic Development for a Growing Economy (EDGE) - New Jobs
Refundable tax credits based on the additional payroll for new jobs created in Indiana. Of the payroll taxes withheld on those employees, up to 3.09 percent annually can be awarded on eligible gross payroll for a period not to exceed 10 years.
Economic Development for a Growing Economy (EDGE) - Retained Jobs
Refundable tax credits based on the existing payroll for retained jobs in Indiana. Of the payroll taxes withheld on those employees, up to 3.09 percent annually can be awarded on eligible gross payroll for a period not to exceed 10 years.
Hoosier Business Tax Credit (ITC)
Tax credits for qualified investment made in Indiana facility: increase total earnings of employee; economically sound project that will benefit Indiana; major factor in decision to move forward; and overall positive fiscal impact.
Headquarters Relocation Tax Credit
Tax credits for qualified investment made in Indiana facility. Credit is up to 10 percent of the qualified investment and carries forward not to exceed nine consecutive years.
21st Century Fund
Awards encourage academic-sector/commercial-sector partnership. Awards are made for a period of up to two years in amounts of $5 million. Awards above $2 million are uncommon.
Indiana Research Development Tax Credit
Tax credit based on qualified research expense incurred for research conducted in Indiana.
Venture Capital Investment Tax Credit
Investors who provide qualified debt or equity capital to Indiana companies receive a credit against their Indiana income tax liability. Available to any taxpayer who is an individual or entity that has any state tax liability.
Patent Income Tax Exemption
Exempt from certain income derived from qualified utility and plant patents. Qualified taxpayers are eligible for 50 percent of patent income for each of the first five years.
Community Revitalization Enhancement District Tax Credit (CRED)
Tax credit available to companies located in a designated CRED. Credits are for 25 percent of qualified investment.
Industrial Development Grant Fund (IDGF) and Local Infrastructure Grants
Awarded to eligible units of government to help in meeting the infrastructure needs of the new or expanding facility. Up to 50 percent of eligible off-site infrastructure may be awarded.
Neighborhood Assistance Credit
Tax credits for corporations or individuals who contribute to an organization to build public-private partnerships in economically disadvantaged areas. Credit is equal to 50 percent of contribution to organization. Credit is applied against Indiana income tax liability.
Indiana Training Grant Programs (Skills Enhancement Fund Skills 2016, Advance Indiana)
Two-year grant awarded directly to the company for reimbursement of eligible training costs associated with a project. Grant can be up to 50 percent of total training budget with cap of $200,000. Eligible expenses include instructional costs to train new or existing workers in basic and transitional skills, as well as company-specific and quality operations.
Site Assessment Grant (SAGI), Low Interest Loan Incentive (LILI), Petroleum Remediation Grant Incentive (PRGI) and Federal Grant Matching Incentive (FGMI)
Various grants and loans available for environmental investigation, remediation, demolition and petroleum remediation at Brownfield sites.
Voluntary Remediation Tax Credit
Credit available for voluntary cleanup at eligible Brownfield sites.
Brownfield Tax Reduction/Wavier
Partial or full waiver of delinquent tax liability for Brownfield properties. A history of the property is needed and outline a remediation and reuse plan to qualify for approval of the reduction/waiver.
Alternative Power; Energy Programs
Cost-share grants to Indiana’s public, non-profit and business sectors for the purchase of alternative energy systems that will help offset fossil fuel usage and serve as an educational tool.
Recycling Promotion and Assistance Fund
Zero-percent interest loans (with a 50 percent fund match) on the purchase of equipment needed to manufacture recycled-content products or industrial feedstocks. (Amount of available funding will be determined by the state.)
Biodiesel, Blended Biodiesel, and Ethanol Tax Credit
Tax credits to taxpayers constructing or expanding a facility for the production of biodiesel, blended biodiesel or ethanol. Credit is claimed against state tax liability.