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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 council members serve four-year terms. They are responsible for setting salaries, the annual budget, and special spending. The council also has limited authority to impose local taxes, usually in the form of an income tax that is subject to state-level approval, excise taxes, or service taxes, like those on dining or lodging. [4] [5]
The Indiana Code in book form. The Indiana Code is the code of laws for the U.S. state of Indiana. The contents are the codification of all the laws currently in effect within Indiana. With roots going back to the Northwest Ordinance of 1787, the laws of Indiana have been revised many times.
Here's our usual disclaimer. The information above is an abridged version of the Indiana income tax provisions. Please check the Indiana instructions available at in.gov/dor. Both Federal and ...
As of the 2021 census estimate, the state had 6,805,985 residents. There are 569 municipalities. Under Indiana law, a municipality must have a minimum of 2,000 people to incorporate as a city. Except as noted, all cities are "third-class" cities with a seven-member city council and an elected clerk-treasurer.
The council also has limited authority to impose local taxes, in the form of an income and property tax that is subject to state level approval, excise taxes and service taxes. [ 49 ] [ 50 ] In 2010, the county budgeted approximately $2.2 million for the district's schools and $2.8 million for other county operations and services, for a total ...
The council members serve staggered four-year terms. They are responsible for setting salaries, the annual budget, and special spending. The council also has limited authority to impose local taxes, in the form of an income and property tax that is subject to state level approval, excise taxes, and service taxes. [9] [10]
Representatives are elected from county districts. The council members serve four-year terms and are responsible for setting salaries, the annual budget and special spending. The council also has limited authority to impose local taxes, in the form of an income and property tax that is subject to state level approval, excise taxes and service ...