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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 ...
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.
In 2022, the Indiana Department of Education reported that the state's overall graduation rate was 86.7%, down one percent from 2021. [ 224 ] The rate of Indiana high school students attending college fell to 53% in 2022, a significant decline from 65% in 2017.
That’s an increase of 4.7 percent from November 2023 and marks the 17th consecutive month for year-over-year price increases. ... with home sales rising 4.8 percent year-over-year in November 2024.
The Indiana General Assembly is just as inflexible. All the marijuana bills proposed in the 2024 session failed , and there's little chance that changes in 2025.
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This is a table of the total federal tax revenue by state, federal district, and territory collected by the U.S. Internal Revenue Service.. Gross Collections indicates the total federal tax revenue collected by the IRS from each U.S. state, the District of Columbia, and Puerto Rico.
Indiana is the eighth largest agricultural exporter in the nation, exporting just over $4.6 billion in 2017. Indiana is the tenth largest farming state in the nation. Top 5 commodities (by value of sales) Corn: $3.28 billion Soybeans: $3.08 billion Meat animals: $1.62 billion Poultry and eggs: $1.18 billion Dairy: $750 million