Indiana Reports & Information

NEWS & MEDIA

The Latest News from CTJ's Tax Justice Blog

• New from ITEP: Indiana Tax Cut Deal Stacked in Favor of the Wealthy - 04/2013
• Indiana Senate's Income Tax Cut Smaller But No Fairer Than Governor's - 04/2013
• National Anti-Tax Group vs. Indiana - 03/2013



ITEP in the News

• Indianapolis Star: Indiana suffers from bad tax system, bad tax cuts - 04/2013
• Goshen News: Sen. Carlin Yoder discusses immigration bill - 02/2013
• Indiana Public Media: Indiana Taxes Disadvantage Low-Income Groups - 02/2013
• The Journal Gazette: Pence leads charge with education, tax-cut call - 01/2013
• South Bend Tribune: Better to pass on this tax cut - 01/2013



ITEP Numbers and Reports

• 5% Cut in Indiana's Income Tax is Stacked in Favor of the Wealthy - 04/2013
• Indiana Senate's Income Tax Cut: Just as Lopsided as the Governor's - 04/2013
• Who Pays? (Fourth Edition) - 01/2013
• Most of Indiana Tax Rate Cut Would Flow to Upper-Income Taxpayers - 08/2012
• Indiana Association for Community Economic Development: Indiana Property Taxes: Is Property Tax Relief or Tax Restructuring the Solution? - 01/2008






RESOURCES




State Tax & Revenue Information

• Indiana Department of Revenue
• Indiana State Budget Agency
• Indiana Department of Local Government Finance
• Indiana General Assembly - Handbook of Taxes, Revenues, and Appropriations
• Indiana General Assembly - Fiscal Reports
• Indiana General Assembly - Property Tax Studies
• Purdue University - Indiana Local Government Information



Tax Expenditure Reports

• Indiana Tax Expenditure Study: Individual Income Tax Deductions and Exemptions
• Indiana Tax Expenditure Study: Individual Income Tax Credits, Tax Years 2005, 2006, and 2007



State Statutes & Legislation

• The Indiana Code
• Search Recent Indiana Legislation



State Tax Forms

• Indiana Tax Forms





ORGANIZATIONS



• Indiana Association for Community Economic Development
• Indiana Community Action Association

Indiana
By the Numbers

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 structure 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: 8.00% through mid-2013, 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 Streamlined Sales Tax Membership: Full Vendor Compensation available without ceiling State sales tax applies to gasoline 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): $0.381 Diesel Tax Rate (per gallon): $0.482 Cigarette Tax Rate (per pack): $0.995 Estate or Inheritance Tax: Yes, but eliminated in 2022 Net Lottery Sales Per Capita: $106 Tax Policy Oversight Tax Expenditure Report: One-time release only Tax Incidence Analysis Capability: None Last Updated October 4, 2012 Sources & Glossary