Residential Historic Rehabilitation Tax Credit – Click Here
Historic Building Rehabilitation Tax Credit – Click Here
Duke Energy Economic Development Incentive Program
Duke Energy is introducing an incentive program for its business-owner customers in an effort to spur economic development activity and growth. This new program could save businesses anywhere from 10 – 30 percent on their yearly electric bills for a period of five years.
This program is available to new and current customers, but certain criteria must be met to become eligible. Some of these criteria, but not limited to:
- adding a minimum 500 kilowatts at one premise, with at least a 35 percent load factor
- adding a minimum 10 employees on the premise, or making a capital investment of at least $1 million dollars at one premise
- receiving significant state and/or local economic development incentives
Economic Development for a Growing Economy Tax Credit
The Economic Development for a Growing Economy (EDGE) Tax Credit provides an incentive to businesses to support jobs creation, capital investment and to improve the standard of living for Indiana residents. The refundable corporate income tax credit is calculated as a percentage (not to exceed 100%) of the expected increased tax withholdings generated from new jobs creation. The credit certification is phased in annually for up to 10 years based upon the employment ramp-up outlined by the business.
Headquarters Relocation Tax Credit
The Headquarters Relocation Tax Credit (HRTC) provides a tax credit to corporations that relocate their headquarters to Indiana. The credit is assessed against the corporation’s state tax liability. IEDC and the Department of Revenue determine eligibility based on the following criteria: The corporation must have annual worldwide revenue of at least $50 million in the taxable year immediately prior to the year in which application is made for the credit. After relocation, the corporation must have 75 employees in Indiana.
Hoosier Business Investment Tax Credit
The Hoosier Business Investment (HBI) Tax Credit provides incentive to businesses to support jobs creation, capital investment and to improve the standard of living for Indiana residents. The non-refundable corporate income tax credits are calculated as a percentage of the eligible capital investment to support the project. The credit may be certified annually, based on the phase-in of eligible capital investment, over a period of two full calendar years from the commencement of the project.
Hoosier Business Investment for Logistics (HBI-L)
Industrial Recovery Tax Credit
The Industrial Recovery Tax Credit, also known as DINO for older buildings it benefits, provides an incentive for companies to invest in former industrial facilities requiring significant rehabilitation or remodeling expenses.
DINO tax credit application
Industrial Recovery Tax Credit
Certain income derived from qualified patents and earned by a taxpayer are exempt from taxation. The Tax Exemption for Patent-derived Income defines qualified patents to include only utility patents and plant patents. The total amount of exemptions claimed by a taxpayer in a taxable year may not exceed $5 million. The exemption provides that a taxpayer may not claim an exemption for income derived from a particular patent for more than 10 taxable years.
R & D Tax Credit
Indiana prides itself on common-sense approaches to business tax incentives. By assisting in strengthening the knowledge base of companies, state officials ensure that Indiana remains a competitive player in the global marketplace.The Research and Development (R & D) Tax Credit provides an incentive for business investment in Indiana by providing a credit against state tax liability for qualified company research expenses.
Venture Capital Investment Tax Credit
The Venture Capital Investment Tax Credit program improves access to capital for fast growing Indiana companies by providing individual and corporate investors an additional incentive to invest in early stage firms. Investors who provide qualified debt or equity capital to Indiana companies receive a credit against their Indiana tax liability.