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Indiana
By the Numbers

Indiana Below is a snapshot of key features of Indiana's tax system. (Scroll Down)
Personal Income Tax Features (2015)
  • Range of Tax Rates: 3.3%
  • 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 3.23% 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 (2015)
  • Range of Tax Rates: 7.0%, dropping to 6.5% on July 1, 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 (2015)
  • 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 (2015)
  • 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 (2015)
  • Gasoline Tax Rate (per gallon): $0.299
  • 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 January 13, 2015

Sources & Glossary