Taxes on Business Income in Indiana

April 13, 2006

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Indiana assesses a corporate level tax and a personal income tax. (Indiana also imposes a franchise tax, but it only applies to financial institutions.) If you operate a business in Indiana, then it is very likely that you and your business will be responsible for paying at least one of these taxes.

In addition, corporations and limited liability companies must file a biennial report and pay a fee of $30 ($20 online).

We recommend that you review the following discussions to determine which taxes will apply to you: