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State and Local Tax (SALT) involves the preparation, compliance, and advisory services related to taxes levied by state and local authorities in Indiana. This includes income tax, sales and use tax, property tax, and various other local assessments, crucial for businesses and individuals operating within the state.
Indiana imposes a 7% sales tax rate statewide, with no local sales tax additions. Corporate adjusted gross income tax is a flat 4.9%, while individual income tax is 3.15%. Property taxes are administered at the local level by counties and townships, with strict assessment schedules and caps. Businesses frequently interact with the Indiana Department of Revenue for filings and compliance.