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.


<metadesc> Economic Development for a Growing Economy Tax Credit (Indiana): energy incentive program. </metadesc>

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