|
County Adjusted Gross Income Tax |
1% for resident taxpayers
.48% for nonresident county taxpayers |
|
Source:
Jay Starr & Associates |
|
Whitley County Property Tax
Varies by township and city |
|
Cleveland Township
|
2.095
|
|
South Whitley Town
|
2.7798
|
|
Columbia Township
|
2.289
|
|
Columbia City
|
2.9313
|
|
Etna-Troy Township
|
2.1371
|
|
Jefferson Township
|
2.1526
|
|
Richland Township
|
2.0538
|
|
Larwill Town
|
2.3686
|
|
Smith Township
|
1.8357
|
|
Churubusco Town
|
2.4628
|
|
Thorncreek Township
|
2.2906
|
|
Union Township
|
2.1385
|
|
Washington Township
|
2.1904
|
|
Columbia City / Union Township
|
2.9196
|
Notice is hereby given to the taxpayers
of Whitley County, Indiana, of the budgets, tax rates and tax levies
submitted by the tax levying officials of the several taxing units of
the County, rates of taxation on each one hundred dollars ($100) of
assessed valuation of the taxable property are hereby proposed, subject
to the appeal for State, County or other purposes and payable in the
year 2005. |
|
Source: Whitley County
Auditor |
|
County Economic Development
Income Tax (CEDIT) |
|
.23% of individual adjusted gross income |
|
Source: Whitley County
Auditor |
|
|
State Corporate Gross Income Tax |
Tax Payer:
Most corporations doing business in Indiana, except businesses subject
to the Financial Institutions Tax, international banking facilities,
subchapter S corporations, and federally tax-exempt not-for-profit
organizations.
Tax Base: Federal taxable income with 8 modifications:
1. subtract any income that the federal law or Constitution prohibits
Indiana from taxing.
2. add deductions allowed for charitable contributions under federal law
3. add deductions allowed under federal law for state income taxes
4. apportion income to Indiana based on the average percentage of
property owned in Indiana, of payroll paid in Indiana, and of sales
volume attributable to Indiana
5. make an adjustment to disallow the federal bonus depreciation
6. add deduction allowed under Sections 172 and 810 of IRC
7. add amounts attributable to increased Section 179 property deduction
limits
8. add deduction allowed for domestic production activities.
Tax Rate: 8.5% |
|
Source: Corporate Adjusted
Gross Income |
|
Tax Credits
|
Economic Development for a Growing Economy Tax Credit (EDGE)
This program rewards companies that create new jobs and
contribute to the growth of Hoosier income.
Hoosier Business Investment Tax Credit (HBITC)
– This program provides a credit against a company’s Indiana tax
liability to encourage capital investment in Indiana.
Technical Enhancement Certification for Hoosiers (TECH Fund)
– The TECH Fund provides financial assistance to companies to
assist with training their information technology (IT) workers.
Eligible companies may receive reimbursement of up to
$50,000, $2,500 per employee, or 50 percent of training costs,
whichever is less. The
program is administered on a reimbursement basis.
Venture Capital Investment Tax Credit
– Program assists Indiana companies in raising capital by
offering a tax incentive to individual and corporate investors.
|
|
Tax Abatement |
|
|
Equipment |
Property |
Information Technology |
|
Year |
Percentage |
Percentage |
Percentage |
|
|
|
|
|
|
1 |
100% |
100% |
100% |
|
2 |
90% |
95% |
90% |
|
3 |
80% |
80% |
80% |
|
4 |
70% |
65% |
70% |
|
5 |
60% |
50% |
60% |
|
6 |
50% |
40% |
50% |
|
7 |
40% |
30% |
40% |
|
8 |
30% |
20% |
30% |
|
9 |
20% |
10% |
20% |
|
10 |
10% |
5% |
10% |
|
|