Indiana approves local income taxes, changes

Indiana adopted legislation allowing a local income tax in order to pay for correctional and rehabilitation facilities. The tax rate must be in increments of 0.01% and cannot exceed 0.2%. The rate cannot be in effect for more than 20 years. The statute also authorizes additional local income taxes for: Fulton county and Jennings County The uses the local tax can be put are expanded for: Randolph County; Tipton County; and Union County. (P.L. 184 ( H.B. 1263), Laws 2018, approved and effective March 21, 2018.)

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