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    Indiana has no Franchise Tax, Intangibles Tax, Accounts
    Receivables Tax, or Employment Tax

Incentives and Taxes in Pike County Indiana

Incentives for Doing Business in Pike County

Pike County works aggressively to help meet the needs of the clients during the site selection process and after the location decision is made. Pike County provides continued support to prospects after the location and is prepared to aid with additional programs such as relocating employees, and providing temporary office space and support.

State Incentives

There are more than 30 different types of incentives that are available to new and existing businesses in the state of Indiana. A few are listed below. In addition, there are approximately 15 other grants and funds that may be of assistance to a company locating in Indiana. We will work dilligently to be sure your team is aware of all assistance your company may be qualified to receive.

  • 21st Century Research and Technology Fund - Elevate Ventures
    The IEDC SBIR office was formed for just that mission—to help Indiana businesses compete for and win federal funding. Additionally, the IEDC SBIR Initiative is committed to assisting Indiana businesses in the commercialization of their prototypes and understands the impact that these companies can have on the economy. This, coupled with the matching program of the 21st Century fund, will provide Indiana companies with the fuel needed to excel in the SBIR/STTR programs.
  • Industrial Development Grant Fund (IDGF)
    This grant provides money to local governments for off-site infrastructure projects associated with an expansion of an existing Indiana company or the location of a new facility in Indiana. State funding through the IDGF program must be matched by a combination of local government and company financial support.
  • Small Business Innovation Research Initiative (SBIR/STTR)
    The Small Business Innovation Research (SBIR) — along with its sister program, the Small Business Technology Transfer program (STTR) — are highly competitive and encourage small businesses to explore their technological potential. SBIR/STTR funding is available from 11 participating agencies throughout the United States and focuses on various technological areas.
  • Skills Enhancement Fund (SEF)
    The Skills Enhancement Fund (SEF) provides financial assistance to businesses committed to training their workforce. Trainees must be Indiana residents. SEF reimburses eligible training expenses over a two-year term. Companies may reapply for additional SEF funds after their initial two-year term. IEDC typically does not provide reimbursement for training that is required by law.

 

Local Incentives

Additional information can be obtained on programs below and other incentives and programs by contacting Ashley Polen Willis.

Tax Abatement
Tax abatement is offered by the local governmental taxing unit on real property and equipment. Real property can qualify for a three year, seven year or ten year abatement on new buildings and improvements or increases in assessed value on remodeled or renovated structures. Land does not qualify. Manufacturing equipment (new to the State of Indiana) qualifies for a deduction from assessed value over a ten year period. Equipment not used in direct production, such as office equipment, does not qualify. New real estate investments options can have abatement terms from one to a maximum of ten years.

Business Personal Property Taxes
Abatement for used equipment - local governing body may now grant tax abatement for property that was previously used in Indiana. The equipment must be acquired in an arm’s length transaction with an unaffiliated party.

Tax Incremental Financing (TIF)
Bonds issued by a local municipality may be used to finance infrastructure improvements and new construction areas needing growth or rehabilitation. The infrastructure pays for itself through increased tax revenues (resulting from the property valuation increases) which are pledged for repayment of the bonds.

Tax Information for Pike Couty

In Indiana there are two basic corporate taxes - Income and Property. Unlike some other States Indiana has no Franchise Tax, Intangibles Tax, Accounts Receivables Tax, or Employment Tax.

Businesses in Pike County Indiana benefit from Indiana's growing national reputation as a great state in which to do business. The bottom line for your business - a low-cost, pro-business environment —including low utility costs, workers’ compensation and unemployment insurance rates in an area offering a highly skilled, educated and capable workforce.

Indiana has no gross receipts tax and no inventory tax.

Corporate Income Tax

The Corporate Adjusted Gross Income Tax is calculated at a flat 8.5 percent of adjusted gross income. Adjusted gross income is a company’s federal adjusted gross income with certain adjustments. This method of determination simplifies tax calculations for corporations and does not apply to S corporations and not-for-profit organizations.

Single-Sales Factor

Indiana is phasing in the single-sales factor for apportioning corporate income tax. Indiana had determined its share of an interstate or international corporation’s taxable income by weighing the Indiana portion of a company’s property and the proportion of its employees in Indiana. The single-sales factor will calculate the Indiana portion based solely on the portion of a company’s sales in Indiana.

Sales and Use Tax

Indiana’s Sales and Use Tax is tax is calculated at a rate of 7 percent. In manufacturing, the following are exempt from the sales tax: raw materials, equipment, power, electricity, and utilities. Wholesale sales, items used directly in production, and sales made in interstate commerce are exempt. In addition, the purchase of research and development equipment is exempt from the tax.

Property Tax

Real and personal property tax is assessed at 100 percent of market value. Tax rates and exemptions vary among local jurisdictions.

Individual Income Tax

Indiana’s personal income tax is 3.4 percent of federal adjusted gross income (with certain exemptions and deductions).


Pike County is the median center of US population; at the center of your success!