New Business in Indiana

 

 

 

 











 


BUSINESS & GENERAL
PROPERTY
UNEMPLOYMENT

 

 



BUSINESS TAXES


Corporate Income Tax -

Gross and supplemental net income
rescinded January 1, 2003
Adjusted gross income tax
- 8.5%

County Innkeepers Tax (CIT) - Porter County: 3%

Food and Beverage (FAB) - Porter County:

Porter County Income Tax -
Type: CEDIT
Resident and Non-resident =
.005

Indiana Sales Tax: 6%

Individual Adjusted Gross Income Tax: 3.4%

Miscellenous Taxes: link here

PROPERTY TAXES

004 Valparaiso (Center Township)
Gross Rate 2.8670 Rank: 441
SPTRC 21.6620 Rank: 1839
Net Rate 2.2460 Rank: 366
029 Washington Township (Valparaiso)
Gross Rate 2.9997 Rank: 356
SPTRC 23.3746 Rank: 1667
Net Rate 2.2985 Rank: 329


Porter County Property Taxes www.stats.indiana.edu
Data organized by the Indiana Business Research Center, Indiana University, Kelley School of Business. STATS Indiana www.stats.indiana.edu

UNEMPLOYMENT TAXES

Indiana's workers compensation insurance rate
is $1.88/$100 in payroll

Indiana Unemployment Taxes  
New Employee Rate 2.70%
Minimum Rate 1.10%
Maximum Rate 5.60%
Workers Training Assestment 0.09%

Worker's Compensation Board of Indiana web site

Indiana Department of Workforce Development web site

The FUTA (Federal Unemployment Tax Act) provides for a UI (Unemployment Insurance) tax a 6.2 percent rate with a wage base of $7,000 per employee per calendar year maintaining an acceptable UI program that meet or exceeds all federal requirement and mandates, Indiana employers can receive a credit of 5.4 percent against the FUTA liability even though the employers Indiana UI tax may be less.

The net FUTA tax rate is 0.8 percent payable on covered wages up to the calendar year $7,000 base. The federal tax liability is, therefore, up to %56 for each employee per calendar year.

Source: Indiana Department of Workforce Development,
August 2005

More Information on Federal Unemployement Taxes