Description:
Provides tax credits based on a project to create new jobs or increase wage levels in Indiana. A "qualified investment" made in an Indiana facility may qualify for a credit against Indiana tax liability, so long as the business has had an Indiana presence for at least one (1) year. Limited to the lesser of 30% of the "qualified investment" or state tax liability growth.

Eligibility:
Hoosier Business Investment Tax Credits recipients must increase total earnings of Indiana employees, pursue an economically sound project that will benefit and strengthen Indiana, have an overall positive fiscal impact and the average wage should be at least 150% of the hourly minimum wage. The company must maintain operations for at least 10 years during the term that the tax credit is available and must annually report new employees and their average wages. The company must keep the qualified investment property in Indiana for at least the lesser of ten (10) years or its useful life for federal income tax purposes.

How to Apply:
First meet with state and local economic development representatives to initiate application process. Ultimately the designating body will need to review and approve the application and agreement. Call us at 1-317-236-6262 or 1-877-236-4332, or email us at indy@indypartnership.com to get started.