For the County Corporate Employment Tax, tax liability is based upon the total number of full-time employees in the county during that month, and the tax is to be paid monthly to the county treasurer with the Department of Revenue required to conduct an audit at the county treasurer’s request.
The corporate tax rates are another concern. The rates are to be at least equal to 10% of the average annual operating costs of the project for the first five years. You read that correctly: the tax rates will be determined by the spending needed to operate the project. This differs from other local income and property taxes that have a determinable cap.
The corporate tax provisions in the mass transit proposal are a bad idea.
Patrick J. Kiely
CEO of Indiana Manufacturers Association, Inc.