Indiana: Crossroads of America

Indiana is located in the eastern United States and is bordered by Michigan such as Lake Michigan to the north, Ohio to the east, Kentucky to the south, and Illinois to the west. The Hoosier State extends over 95,000 kmĀ². According to ehuacom, over 800,000 of the 6.6 million inhabitants live in the capital Indianapolis.

The Hoosier State is the right place to start a business or expand there. Chief Executive Magazine ranks the state fifth nationally as the “best state for business in the US.” Indiana has created an environment where businesses can thrive and grow. The mix of aspiring young talents and experienced workers is another point with which the state scores.

Indiana Location Map

INVITING BUSINESS ENVIRONMENT

Expansion and starting a business present financial risks and the State of Indiana wants to avoid these preventing settlement. Therefore, solutions such as loans for the relocation of the headquarters, the suspension of the sales tax or support for training programs for employees are offered. The state sees itself as a partner for entrepreneurs. To help them settle successfully, he is happy to provide the appropriate resources. These provide additional flexibility.

The support is also evident in the regulatory environment. According to Forbes, Indiana occupies a strong fifth place nationally. The state performs even better in terms of property tax rates. The Tax Foundation ranks the Hoosier State second. The general conditions and the business environment are promising in Indiana, so it is up to the companies to use the resulting opportunities.

Indiana competes with, and often outperforms, larger, more expensive markets when it comes to innovation. The local and connected business world has what it takes to bring big ideas to life. Here it is possible for entrepreneurs to put their own stamp on it. Success stories are already plentiful, whether in the manufacture of life-saving medicines, the construction of zero-emission engines or the preservation of agricultural ecosystems.

  • COUNTRYAAH: offers list of all counties in the state of Indiana. Also includes cities and towns within each county.

NUMBER ONE IN MANUFACTURING

Indiana has a strong automotive manufacturing heritage, the state is the second largest producer nationally. The existing deep network, mature supply chains and attractive benefits for employees form the basis for a promising future of advanced manufacturing. Limiting it to a golden epoch would not do justice to the Hoosier State. According to Business Facilities magazine, Indiana is already the national leader in manufacturing. A quarter of the state’s economic output is based on this branch of industry and 20 percent of all workers work in this area. Indiana has the highest concentration of manufacturing jobs nationwide.

Through the collaboration of a range of aerospace experts and engineering excellence, important developments and transformations of tomorrow are discovered and driven forward. It is not for nothing that Indiana already ranks sixth nationally for the attractiveness of aerospace manufacturing (PWC, 2019).

The state is an agricultural powerhouse and offers companies the best environment to develop and implement groundbreaking solutions in this area, but also in the pharmaceutical industry and life sciences. Farmers and scientists work closely together to conduct cutting-edge research that will lead the global agricultural industry into the future.

INDIANA INCOME TAX

Indiana charges an income tax of 3.23%. In addition, federal income taxes are payable.

INDIANA CORPORATE INCOME TAX

Indiana charges a 5.5% corporate income tax. In addition, federal corporation tax is payable.

INDIANA SALES TAX

There is no sales tax or Value Added Tax (VAT) in the USA based on the European model. Instead, in the United States, states, counties, and municipalities levy a local sales tax on the sale of products (but not services).

Indiana sales tax rate

The sales tax in Indiana is 7% at the state level. Municipalities or counties do not levy a sales tax.

Indiana Nexus Laws & Sales Tax

Learn more about the Economic Nexus Laws in the context of Sales Tax here.

Effective Date :

October 1, 2018

Transactions included:

Gross proceeds from sales of tangible personal property, electronically delivered products and services to the US state

Treatment of tax-exempt transactions:

Exempt Sales and Exempt Services are included in the threshold

Reason:

turnover or transaction volume

Sales/Transactions Threshold:

$100,000 or 200 transactions

Evaluation period:

The threshold applies to transactions in the previous or current calendar year

Extra information:

  • Registration Requirements: Indiana requires remote businesses to register to collect and remit sales tax “immediately upon the threshold being reached.” See Remote SellerInformation for more information.
  • Remote Seller Information
  • House Bill 1129

Indiana Marketplace Sellers & Sales Tax

Learn more about Marketplace seller registration requirements

Effective date by the marketplace broker:

July 1, 2019

Economic Nexus Threshold:

Greater than $100,000 in gross sales from Indiana sales or at least 200 transactions in the current or previous calendar year. When calculating the threshold:

  • Remote sellers exclude sales made through a marketplace unless the marketplace is not required to collect taxes on their behalf
  • Marketplace moderators include all sales made through the marketplace

Registration requirements:

  • Remote Multichannel Sellers: You must register with the Indiana Department of Revenue (DOR) and collect your Indiana sales tax on sales that are not taxed by a Marketplace Agent once you have crossed the Economic Nexus Threshold.
  • Remote Marketplace Vendors: You must register with the Indiana DOR once you cross the Economic Nexus Threshold, even if you only sell through one or two collection marketplaces. Contact the Indiana DOR for more information.
  • In-State Multichannel Sellers: You must register with the Indiana DOR and collect taxes on sales that are not taxed by a marketplace facilitator.
  • State Marketplace Sellers: You must register. Contact the Indiana DOR for more information.