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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 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. [ 41 ] [ 42 ] In 2010, the county budgeted approximately $9.8 million for the district's schools and $3.2 million for other county operations and services, for a total annual ...
The auditor of state, officially doing business as "the state comptroller", functions as the chief financial officer for the whole of state government. In terms of financial accounting, the auditor of state creates and operates the statewide accounting system, maintains a record of revenues, expenditures and balances by state fund, collects debts owed the state, and prepares various financial ...
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.
Representatives are elected to four-year terms from county districts. They set salaries, the annual budget, and special spending. The council 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. [12] [13]
The Indiana Senate is the upper house of the Indiana General Assembly, the state legislature of the U.S. state of Indiana. The Senate is composed of 50 members representing an equal number of constituent districts. Senators serve four-year terms without term limits. According to the 2010 U.S. census, the average state senator represents 129,676 ...
State Road 3 (SR 3) in the U.S. state of Indiana is a discontinuous state highway running through eastern Indiana from near the Ohio River to near the Michigan state line. The southernmost terminus is at SR 62 in Charlestown , and the northernmost terminus is at SR 120 near Brighton .
The Indiana Guard Reserve (IGR), formerly the Liberty Guard and the Indiana Legion, is the state defense force [2] of the state of Indiana.The Indiana Guard Reserve serves under the exclusive authority of the governor of the State of Indiana through his executive agent for military matters, The Adjutant General of Indiana.