At a time when other states are raising taxes to keep up with mounting state debt, Indiana’s long history of smart fiscal choices, balanced state budgets and cash reserves in a rainy day fund puts the Hoosier State in a position to actually lower taxes. Indiana’s corporate income tax rate is steadily decreasing each year, from the current 5.75% to 4.9% by 2021.
- Corporate tax cuts – 6% (4.9% by 2021)
- Individual tax cuts – 3.23% (down from 3.4% in 2014)
- No inventory or inheritance tax
And if you need additional data? Contact the Alliance. We’ve got ready access to all the facts and figures you could want to help you make sound business decisions.