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The Indiana Sales Tax Handbook provides everything you need to understand the Indiana Sales Tax as a consumer or business owner, including sales tax rates, sales tax exemptions, and more.
What is sales tax in Indiana? In 2022, Indiana charges a 7% sales tax on most retail purchases. Some exemptions apply. The Indiana Department of Revenue provides a detailed breakdown of a business’s obligations regarding sales tax. What is Indiana’s corporate tax rate? Indiana taxes corporat...
Some exemptions apply. The Indiana Department of Revenue provides a detailed breakdown of a business’s obligations regarding sales tax. What is Indiana’s corporate tax rate? Indiana taxes corporations at a rate of 4.9%. This rate does not apply to LLCs or sole proprietorships, which pass ...
Additional sales taxes may be imposed onbusinesses that sell food and beverages. At the local level, however, additional taxes are not required. This makes tax collection straightforward as compared to other states, where there can be a great deal of local variation. Exemptions are minimal, with...
Indiana has a flat state income tax rate of 3.23%. Many of the state's counties also collect income tax. The state sales tax rate is 7% with exemptions for food, prescription medications and over-the-counter medications.[179] In some jurisdictions, an additional Food and Beverage Tax is ch...
The state provides a sales tax exemption for manufacturing machinery, tools, and equipment if the property is acquired for direct use in the direct production or manufacturing of other tangible personal property. “Direct use in the production process” begins at the point o...