Advantages in Greene County
Taxes and Incentives
Local county government offers tax abatement to encourage job creation and private investment in Greene County.
TAX ABATEMENT
Tax abatement is offered by local governments in south central Indiana to attract private investment and job creation. Abatement exempts from property tax all or part of the new assessed value or the increased assessed value of a new investment. The exemption is for between 1 and 10 years. In most cases, tax abatement reduces the owner’s property tax bill by about 50 percent over the full abatement period.
Tax abatement can be granted on:
-
Real property
-
Personal property
-
New construction (only to the increase in assessed value attributed to the new construction)
-
Property rehabilitation (only to the increase in assessed value attributed to the rehabilitation)
-
Any new or used manufacturing equipment that has not previously been taxed in Indiana
-
Personal property such as laboratory equipment and computers used in experimental research and development laboratories
Click here to link to our partner Hoosier Energy’s tax abatement estimator, which will allow you to estimate the value of a potential tax abatement in your investment.
STATE INCENTIVES
Indiana promotes your growth, innovation and profits.
-
Indiana offers many business tax incentives, corporate tax credits and economic development programs for companies creating new jobs and investment in Indiana.
-
Indiana's business tax structure is also very competitive.
-
Indiana’s corporate income tax is decreasing from the current 6.5% to 4.9% by 2021.
-
As the decrease is phased in, the tax rate will drop each year.
-
Indiana has a flat state corporate tax rate on adjusted gross income and no gross receipts tax or inventory tax.
See more State Incentives at https://www.iedc.in.gov/incentives