Indiana Governor Eric Holcomb recently signed legislation establishing and amending various tax credits. Some of the key provisions include the following:
- Caps the total amount of tax credits the Indiana Economic Development Corp (IEDC) awards during the fiscal year at $300 million
- Establishes a Film and Media Production Credit
- Allows participants in the EDGE program to forgo claiming the credit against state tax liability and to elect to receive payment directly from the IEDC
- Removes the requirement for a minimum number of employees in Indiana to participate in the Headquarters Relocation Credit
Please contact Julie Dietz if you are interested in discussing how your company may benefit from these legislative changes.