Search results
Results from the WOW.Com Content Network
2007 sources of Indiana's revenue. Taxes in Indiana are almost entirely authorized at the state level, although the revenue is used to fund both local and state level government. The state of Indiana's income comes from four primary tax areas. Most state level income is from a sales tax of 7% and a flat state income tax of 3.05%. The state also ...
Montgomery has a total sales tax of 10%, [52] as do Birmingham [53] [54] and Mobile. Huntsville has a total sales tax of 9% in most of the city which is in Madison County. The smaller portion of Huntsville that is in Limestone County has 10.5% sales tax due to the 2% higher Limestone County sales tax.
State taxes for the state's National guard members are now exempt, starting with the 2023 state tax returns.
Tax is collected by the Indiana Department of Revenue. [204] Indiana has a flat state income tax rate of 3.23%. Many of the state's counties also collect income tax. The state sales tax rate is 7% with exemptions for food, prescription medications and over-the-counter medications. [205]
The filing deadline for most 2023 federal and state of Indiana income tax returns is April 15, 2024.
Eleven more states enacted sales tax laws during the 1960s, with Vermont as the last in 1969. Five states currently do not have general sales taxes: Alaska, Delaware, Montana, New Hampshire, and Oregon. [32] The 2010 health care reform law imposed a 10 percent federal sales tax on indoor tanning services, effective July 1, 2010. Unlike previous ...
In Indiana, the 10 counties with the highest effective property tax rates alone accounted for 27,105 new residents since 2020, a whopping 61.3 percent of the state’s entire population growth.
Tax rates vary widely by jurisdiction from less than 1% to over 10%. Sales tax is collected by the seller at the time of sale. Use tax is self assessed by a buyer who has not paid sales tax on a taxable purchase. Unlike value added tax, sales tax is imposed only once, at the retail level, on any particular goods. Nearly all jurisdictions ...