Economic Development for a Growing Economy Tax Credit (Indiana)

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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