Economic Development for a Growing Economy Tax Credit (Indiana)
Last modified on February 12, 2015.
|Applies to States or Provinces||Indiana|
|Name||Economic Development for a Growing Economy Tax Credit (Indiana)|
|Policy Category||Financial Incentive|
|Policy Type||Corporate Tax Incentive|
|Affected Technologies||Biomass/Biogas, Coal with CCS, Concentrating Solar Power, Energy Storage, Fuel Cells, Geothermal Electric, Hydroelectric, Hydroelectric (Small), Natural Gas, Nuclear, Solar Photovoltaics, Wave Energy, Wind energy|
|Program Administrator||Indiana Economic Development Corporation|
The Economic Development for a Growing Economy Tax Credit is awarded to businesses with projects that result in net new jobs. The tax credit must be a major factor in the company’s decision to move forward with the project in Indiana. The refundable tax credit is calculated as a percentage of the expected increased tax withholdings generated from the new jobs. The credit is phased in over ten years.
|Department||Indiana Economic Development Corporation|
|Address||One North Capitol, Suite 700|