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Economic Development for South Bend, Mishawaka and St. Joseph County, Indiana

Taxes - Overview

Project Future is ready to assist you with any questions about incentives and business costs. As the point organization for St. Joseph County, Indiana economic development in the community, we have access to every resource you may need. Our partners in economic development include city, county and state governments, the St. Joseph County Chamber of Commerce as well as, a number of private contributors.

Taxes

Corporate Adjusted Gross Income Tax                                                   More Information

Net Effective Rate
8.50%

 
Corporate Franchise Tax
None
  
Personal Income Tax                                                                                   More Information
State Rate
3.40%
  
Local Option Tax
   

             Resident
0.70%
  

             Non-Resident
0.18%
  
Sales and Use Tax
6.00%
Exemptions include:  manufacturing raw materials, manufacturing equipment directly used in direct production, pollution abatement equipment, and software.  In addition, most services are not subject to this tax.

Unemployment Insurance                                                                            More Information

New Employer Rate

2.70%

  

Experienced Employer Average Rate,
3rd Quater 2003

1.70%

  

Taxable Wage Base

$7,000

  

Workers' Compensation   (per $100 of payroll)                                         More Information

Average Rate for Manufacturing

$2.46

  

Average Rate for Distribution

$3.71

  

Average Rate for Office

$0.27

  

Property Tax*  (per $100 of fair market value in use)                                  More Information

Real and Personal Property

Average Net Tax Rate

Range by Taxing Districts

St. Joseph County

$

$

Inventory destined for out-of-state shipment may be exempt.  In tax year 2006 payable 2007, the inventory tax is completely eliminated.




        Project Future - 401 East Colfax Avenue, South Bend, Indiana 46617 . Phone: (574) 234-6590 or (800) 228-8086 . Fax: (574) 236-1060