Indiana Reports & Information

NEWS & MEDIA


The Latest News from CTJ's Tax Justice Blog

Indiana
By the Numbers

Indiana Below is a snapshot of key features of Indiana's tax system. (Scroll Down)
State & Local Revenue (FY10)
  • General Revenue, Own-Source (GROS): $35.5 billion
  • General Revenue as a Share of Income: 16.3%
  • Tax Revenue: $23.3 billion
  • Tax Revenue as Share of income: 10.7%
  • Personal Income Tax (Share of Tax Revenue): 23.3% (21 out of 51)
  • Corporate Income Tax (Share of Tax Revenue): 2.6 % ( 27 out of 51)
  • Sales & Excise Tax (Share of Tax Revenue): 37.0 % ( 19 out of 51)
  • Property Tax (Share of Tax Revenue): 32.8 % ( 27 out of 51)
  • Other Taxes (Share of Tax Revenue): 2.4 % (46 out of 51)
Personal Income Tax Features (2012)
  • Range of Tax Rates: 3.4%
  • Standard Deduction: None
  • Personal Exemption: $1,000
  • Dependent Exemption: $1,000
  • Earned Income Tax Credit (EITC): 9% Refundable
  • Flat income tax rate scheduled to fall to 3.3% in 2015 and 3.23% in 2017
  • Offers low-income credit designed to offset personal income taxes for elderly taxpayers
  • Deduction for up to $2,500 of residential property taxes or $3,000 of rent paid
Corporate Income Tax Features (2012)
  • Range of Tax Rates: 7.5%, eventually phasing down to 6.5% in 2015
  • Income Level at Which Top Rate Applies: All
  • Combined Reporting: No
  • Apportionment Factor (Payroll): 0%
  • Apportionment Factor (Property): 0%
  • Apportionment Factor (Sales): 100%
Sales Tax Features (2012)
  • State Sales Tax Rate: 7.00%
  • Average Local Sales Tax Rate: N/A
  • Average Combined State & Local Sales Tax Rate: 7.00%
  • State Sales Tax Treatment of Groceries: Exempt
  • Local Sales Tax Treatment of Groceries: N/A
  • Number of Services Taxed: 24 out of 168 surveyed (2007)
  • Streamlined Sales Tax Membership: Full
  • Vendor Compensation available without ceiling
  • State sales tax applies to gasoline
  • Sales tax applies to digital goods and services
Property Tax Features (2012)
  • Property taxes capped at 1%, 2%, or 3% of assessed value, depending on type of property
  • Provides one of the largest property tax homestead exemptions in the country
  • Offers income tax credit equal to 5% of property taxes paid
Other Tax & Revenue Features (2012)
  • Gasoline Tax Rate (per gallon): $0.389
  • Diesel Tax Rate (per gallon): $0.498
  • Cigarette Tax Rate (per pack): $0.995
  • Estate or Inheritance Tax: No
  • Net Lottery Sales Per Capita: $106 (2010)
Tax Policy Oversight
  • Tax Expenditure Report: One-time release only
  • Tax Incidence Analysis Capability: None

Last Updated October 4, 2012

Sources & Glossary