Economic Development for a Growing Economy Tax Credit (Indiana)

From Open Energy Information


Last modified on February 12, 2015.

EZFeed Policy

Place Indiana


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
Active Policy Yes
Implementing Sector State/Province














Program Administrator Indiana Economic Development Corporation
Primary Website http://iedc.in.gov/tax-credits-exemptions/economic-development-for-a-growing-economy-tax-credit


Last Review 2014-09-15



Summary

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.


Policy Contact

Department Indiana Economic Development Corporation
Address One North Capitol, Suite 700
Place Indianapolis, Indiana
Zip/Postal Code 46204
Phone 317-232-8800


Website http://www.iedc.in.gov


















References