Comparison of Business Taxes
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| Comparison of Business Taxes - as of Sept. 2009 |
| Tax Category |
Indiana |
Illinois |
Kentucky |
Ohio |
Tennessee |
West Virginia |
| State Corp. Income |
8.5% (AGI) |
4.8% + 2.5% |
4.0% - 6.0% |
N/A |
6.5% |
8.75% |
| Local Corp. Income |
None |
N/A |
0 - 3.5% |
0.25% - 2.85% |
None |
N/A |
| State Franchise |
$30 Every 2 years |
0.1% - 0.15% Paid in Capital |
None |
None |
$0.25 / 100 |
N/A |
| State Sales |
7.0% |
6.25% |
6.0% |
5.5% |
7.0% |
6.0% |
| Local Sales |
None |
0 - 2.5% |
None |
0.5% - 2.0% |
1.5% - 2.75% |
None |
| State Unemployment |
2.7% ($7000) |
3.9% ($12,000) |
2.7% ($8000) |
2.7% ($9000) |
2.7% ($7000) |
2.7% ($8000) |
| Real Property |
$2.44/$100 |
$1.82 - $5.77/$100 |
$1.09096/$100 (Avg.) |
$2.2176/$100 |
N/A |
$1.95/$100 |
| Tangible Property |
$2.44/$100 |
None |
$1.49744/$100 (Avg.) |
$0.9939/$100 |
N/A |
$1.95/$100 |
Manufacturing
Machinery Property |
$2.44/$100 |
None |
$0.15/$100 |
None on new equip. |
N/A |
$1.95/$100 |
| Raw Material/WIP Property |
$2.44/$100 |
None |
$0.05 |
$0.9939/$100 |
None |
$1.95/$100 |
| Finished Goods Property |
Exempt |
None |
$1.09744/$100 |
$0.9939/$100 |
None |
$1.95/$100 |
| State Personal Income |
3.4% (AGI) |
3.0% |
2 - 6% |
0.712% - 7.185%
(reduced 12.6% for 2007) |
6.0% / I&D |
3.0% - 6.5% |
| Local Personal Income |
0.5% - 1.75% |
None |
0 - 3.5% |
0.5% - 2.0% |
None |
N/A |
|
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DISCLAIMER: The statistics, compilations, and communications provided herein by the Cabinet for Economic Development are distributed for informational purposes only. Furthermore, any estimates, projections or information provided to make estimates or projections are in no manner provided with assurances or warranties and should not be relied upon as fact. |
