Indiana is ranked eighth in the nation for business tax climate.
Due to legislation enacted last year, Indiana’s corporate income tax rate fell from 7 to 6.5 percent, while its individual income tax rate went from 3.4 to 3.3 percent. This was the continuation of a scheduled multi-year reduction, which will ultimately see the corporate income tax rate reduced to 4.9 percent by 2021 and the individual income tax rate cut to 3.23 percent by 2017. This year’s corporate rate reduction allowed the state to improve three places on the Index’s corporate tax component, though the state remains at eighth overall.
Source: taxfoundation.org