TAX CREDITS

Economic Development for a Growing Economy Program (EDGE): A refundable tax credit available to companies that create and/or retain jobs and make capital investments in the state.  The EDGE credit is calculated as a percentage of the projected tax withholdings that will be generated by the newly created and/or retained jobs for up to ten years. 

Hoosier Business Investment Tax Credit Program (HBI): Companies that create new jobs and make capital improvements to a business facility may qualify for this non-refundable tax credit.  The maximum credit is equal to 10% of qualified capital investment.  The credit may be certified annually, based on the phase-in of eligible capital investment, over a period of two full calendar years from the commencement of the project. Unused credits may be carried forward for up to 9 years.

Headquarters Relocation Tax Credit: Businesses that relocate a corporate headquarters operation to Indiana, create at least 75 jobs, and have annual worldwide revenue of at least $50 million are eligible to receive a tax credit of up to 50% of business relocation costs including capital investment.  The credit is non-refundable and non-transferable; however unused credits can be carried forward for up to 9 years.

Industrial Recovery Tax Credit:  Provides an incentive for investment in former industrial facilities requiring significant rehabilitation or remodeling expenses. The credit is available to owners, developers, and certain lessees of buildings located in an industrial recovery site which was brought into service at least 15 years ago. The buildings must be at least 100,000 square feet beginning January 1, 2015 and 75% vacant at the time the application is filed.

Research and Development Tax Credit:  Provides a tax credit equal to 15% of qualified research expenses on the first $1 million of investment.  This non-refundable credit may be carried forward for up to 10 years.

TAX EXEMPTIONS

Sales & Use Tax Exemptions: Manufacturing and research and development equipment (including computers, computer software, and testing equipment) are exempt from sales and use tax.

GRANTS

Industrial Development Grant Fund (IDGF): This program provides assistance to municipalities and other eligible entities. The grant may be provided to reimburse up to 50 percent, of eligible public infrastructure costs over a period of two full calendar years from the commencement date of the project.

Skills Enhancement Fund (SEF): This program provides reimbursable grants to businesses for costs associated with training and upgrading skills of employees.  Grants are typically valued at up to 50% of eligible training costs over a 2-year period. 

Last Updated: June 2017


 
BIGGINS LACY SHAPIRO & COMPANY
 
PRINCETON
47 Hulfish Street, Suite 320
Princeton, NJ 08542
(609) 924-9775
NEW YORK
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CHICAGO
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Chicago, IL 60606
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CALIFORNIA
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