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Hoosier Business Investment Tax Credit (Indiana)

Eligibility 
Agricultural
Commercial
Construction
Fuel Distributor
Industrial
Installer/Contractor
Retail Supplier
Savings Category 
Fuel Cells
Photovoltaics
Program Info
State 
Indiana
Program Type 
Corporate Tax Incentive
Provider 
Indiana Economic Development Corporation

The Hoosier Business Investment (HBI) Tax Credit provides incentive to businesses to support jobs creation, capital investment and to improve the standard of living for Indiana residents. The non-refundable corporate income tax credits are calculated as a percentage of the eligible capital investment to support the project. The credit may be certified annually, based on the phase-in of eligible capital investment, over a period of two full calendar years from the commencement of the project.

To be eligible for the tax credit:
- Project will result in net new jobs that were not previously performed by employees of the applicant
- Project is economically sound and will benefit the people of Indiana by increasing opportunities for employment and strengthening the economy of Indiana
- Receiving the tax credit is a major factor in the applicant’s decision to go forward with the project and not receiving the tax credit will result in the applicant not creating new jobs in Indiana
- Political subdivisions/municipalities affected by the project have offered significant incentives to the business

Eligible capital investment includes new machinery and building costs associated with the project as outlined by I.C. 6-3.1-26-8.