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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 ...
The sale raised 66 percent more money than the 2023 sale. The bureau generated $262,865.78 in 2023 as only 33 out of 97 properties taken to sale were sold. However, this year’s sale wasn’t a ...
Indiana has a 7% state sales tax. [111] The tax rate was raised from 6% on April 1, 2008, to offset the loss of revenue from the statewide property tax reform, which is expected to significantly lower property taxes. Previous to this it was 5 percent from 1983 to 2002. It was 6 percent from 2002 to 2008. The rate currently stands at 7 percent.
The General Assembly established the state's first sales tax at two percent in 1962. The revenues from the tax led to a host of new projects across the state. The General Assembly also passed the Indiana Civil Rights bill in 1963, granting equal protection to minorities in seeking employment. [52]
In the final hours of the 2024 legislative session, lawmakers stripped from a bill a proposal to exempt menstrual products from taxation, known as the "tampon tax." ... Indiana has a 7% sales tax ...
State taxes for the state's National guard members are now exempt, starting with the 2023 state tax returns.
The casino is the county's single largest source of tax revenue and produced $23.5 million in tax revenue during 2007. [63] Multiple utility companies serve the county. Electricity is provided by the Harrison Rural Electric Membership Cooperative (REMC) and Duke Energy. Natural gas is provided by the Indiana Utilities Corporation in Corydon and ...
Large cities are first class, medium cities are second class, and small cities are third class. An Indiana city has a mayor-council form of government, but a third-class city may appoint a city manager. The mayor, elected to a four-year term, serves as the executive. Most mayors in Indiana are elected in partisan elections.
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