Taxes & Financial Incentives
Kentucky has recently enacted wide-spread reforms to tax code policy. Reforms include the repeal of the corporate license tax and the intangible property tax, as well as a reduction in the corporate income tax rate from 8.25 percent to the current 6%. Personal income taxes have also been reduced to a range of 2-6%.
Indiana ranks 10th in Tax Foundation’s 2020 Business Tax Climate Index. The cost of doing business in Indiana is very favorable, due in part to having one of the best workers’ compensation rates and unemployment tax rates. Due to recent legislation, corporate tax for Indiana is set to drop from 7% to 4.9% by 2021.
Louisville/Jefferson County Tax
Benefits are available for all types of companies – new, existing, and relocating; regional and national headquarters; back-office; distribution and supply chain; manufacturing; and research and development. Both Indiana and Kentucky have generous business incentives and financial programs.