Hoosier Business Investment Tax Credit (Indiana)

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Last modified on February 12, 2015.

EZFeed Policy

Place Indiana

Applies to States or Provinces Indiana
Name Hoosier Business Investment 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/hoosier-business-investment-tax-credit

Last Review 2014-09-15
Last Substantive Modification
to Summary

Information Source http://iedc.in.gov/assets/files/Docs/Data%20Resources/2013%20Downloads/HBITC_10-12.pdf


The Hoosier Business Investment (HBI) Tax Credit provides incentive to businesses to support jobs creation, capital investment and to improve the standard of living for Indiana residents. The non-refundable corporate income tax credits are calculated as a percentage of the eligible capital investment to support the project. The credit may be certified annually, based on the phase-in of eligible capital investment, over a period of two full calendar years from the commencement of the project.

To be eligible for the tax credit: - Project will result in net new jobs that were not previously performed by employees of the applicant - Project is economically sound and will benefit the people of Indiana by increasing opportunities for employment and strengthening the economy of Indiana - Receiving the tax credit is a major factor in the applicant’s decision to go forward with the project and not receiving the tax credit will result in the applicant not creating new jobs in Indiana - Political subdivisions/municipalities affected by the project have offered significant incentives to the business

Eligible capital investment includes new machinery and building costs associated with the project as outlined by I.C. 6-3.1-26-8.

Policy Contact

Department Indiana Economic Development Corporation

Address One North Capitol, Suite 700, Indianapolis, IN, 42604

Phone 317-232-8800
Phone 2 800-463-8081
Fax 317-232-4146
Email iedc@iedc.in.gov
Website http://iedc.in.gov/indiana-info