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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.
Indiana's code is 18, which when combined with any county code would be written as 18XXX. The FIPS code for each county links to census data for that county. [5] In Indiana, the most commonly seen number associated with counties is the state county code, which is a sequential number based on the alphabetical order of the county.
New Hampshire – no individual income tax. The state taxes dividends and interest at 3% in 2024. The former 5% tax was decreasing by 1% each year, but a 2023 law accelerated the repeal to the start of 2025. [15] For large businesses, the 0.55% Business Enterprise Tax is essentially an income tax. The state also has a 7.5% (2024) Business ...
Indiana sends out SNAP benefits from the 5th to the 23rd of every month, based on the first letter of your last name. Here’s Indiana’s SNAP deposit schedule for June: If first letter of last ...
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County school boards are responsible for funding and management of the public school system within their district. The majority of school funding comes from property taxes. The tax rate is subject to state level approval and is capped by law. Courts: Each county has its own circuit court, formed pursuant to the Indiana state constitution. Some ...
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The county government is a constitutional body, and is granted specific powers by the Constitution of Indiana, and by the Indiana Code. County Council: The county council is the fiscal branch of the county government and controls all the spending and revenue collection in the county. Representatives are elected from county districts.