|
Cost
of Doing Business
State and Local Taxes
| Corporate Adjusted Gross
Income Tax |
| Net Effective rate |
8.5% |
| Corporate Franchise Tax |
None |
| Personal Income Tax |
| State Rate |
3.4% |
| Local Option Tax |
|
| - Resident |
0.70% |
| - Non-Resident |
0.18% |
| Sales and Use Tax |
6.0% |
| Exemptions include: manufacturing raw materials,
manufacturing equipment directly used in direct production,
pollution abatement equipment, and software. In addition,
most services are not subject to this tax. |
| Unemployment Insurance |
| New Employer Rate |
2.70% |
| Experienced Employer Average Rate |
1.30% |
| Taxable Wage Base |
$7,000 |
| Workers'
Compensation (per $100 of payroll) |
| Average Rate for Manufacturing |
$2.46 |
| Average Rate for Distribution |
$3.71 |
| Average Rate for Office |
$0.27 |
| Property Tax (per
$100 of fair market value in use) |
| Link
to Stats Indiana 2004 Warrick County Property Tax Rates |
| Inventory destined for
out-of-state shipments may be exempt. In tax year 2006
payable 2007, the inventory tax is completely eliminated. |
1. 2001 payable 2002, Indiana Department of
Revenue, Indiana Tax Commission.
2. Worker's Compensation Board of Indiana, Indiana Compensation Ratings Bureau,
Department of Workforce Development-Unemployment Insurance Division/US Dept.
of Labor.
|
