Indiana adjusts local tax authority; updates Code references

Tipton County is authorized to impose an additional county adjusted gross income tax rate of not more than 0.4% for constructing and equipping a jail and related facilities and renovating the county courthouse.

Rush County is authorized to impose an additional county adjusted gross income tax rate of not more than 0.6% for constructing, equipping, operating, and maintaining a jail and related facilities.

Greene County. The measure provides that the maximum combined county economic development income tax (CEDIT) and county option income tax (COIT) rates in Greene County may not exceed 1.25% (rather than 1%, under current law). Reduces the maximum public safety local option income tax (LOIT) rate otherwise applicable (0.25%) in Greene County by the amount that the combined CEDIT and COIT tax rates exceed 1%.

Annual returns. Requires an employer to file annual withholding tax reports (Form WH-3) not later than 31 days after the end of the calendar year.

Code references. The legislation updates the Code conformity date to January 1, 2015 (previously, the date was January 1, 2013). (H.B. 1472, Laws 2015, approved and effective May 6, 2015.)

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