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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.
There are a number of legal benefits that come with incorporation. One significant legal benefit is the protection of personal assets against the claims of creditors and lawsuits. Sole proprietors and general partners in a partnership are personally and jointly responsible for all the legal liability (LL) of a business such as loans, accounts payable, and legal
The Indiana Economic Development Corporation (IEDC) was founded in 2005 and is charged with growing the state economy, driving economic development, helping businesses launch, grow and locate in the state. Led by Secretary of Commerce Bradley B. Chambers and governed by a 14-member board chaired by Governor Eric J. Holcomb, the IEDC is ...
Historically, the state was a swing state, voting for the national winner all but four times from 1816 to 1912, with the exceptions of 1824, 1836, 1848, and 1876. [9] Nonetheless, half of Indiana's governors in the 20th century were Democrats. Indiana has also elected several Democrats to the Senate in recent years.
The Indiana Business Research Center [1] (IBRC), established in 1925, is a research unit in the Kelley School of Business at Indiana University. [2] The IBRC provides and interprets economic information for the state’s business, government and nonprofit organizations, as well as users of such information throughout the nation.
The secretary of state of Indiana is one of five constitutional officers originally designated in Indiana's state constitution of 1816. Since 1851, it has been an elected position. The secretary of state oversees four divisions, and is the third highest constitutional office of the state government.
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