Documents – Incentives
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Two Census Tracts in Putnam County qualify for the use of New Market Tax Credits. One tract includes Greencastle’s industrial park. The other tract includes the I-70 and US 231 interchange in Cloverdale.
New Market Tax Credits – Fact Sheet
New Market Tax Credits – IRS Guidelines
The Courthouse Square Business District is listed on the National Register of Places. Many of the properties in the district qualify for the federal historic rehabilitation tax credits. There are also three residential districts in Greencastle and several individual listings on the National Register.
Historic Rehabilitation Tax Credits
Federal Tax Incentives for Preserving Historic Properties
20% Historic Rehabilitation Tax Credit
Incentive Guide for Income Producing Properties
Main Street Commercial Buildings
The links above provide a great deal of detail. Additional links can be found on each of the pages for details on eligibility, regulations, and case studies.
Work Opportunities Tax Credit (WOTC)
This is a federal credit to encourage employers to hire job seekers that traditionally had difficulty in finding employment. Applications can be filed on-line through the Indiana Department of Workforce Development. The amount of the credit ranges from $1,200 to $9,600 per new hire. To apply on-line through the Indiana Department of Workforce Development – CLICK!
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Indiana Economic Development Corporation – Tax Credits and Exemptions
Indiana Economic Development Corporation – Skills Enhancement Fund
Indiana Economic Development Corporation – Regulatory Ombudsman
Indiana Finance Authority – Tax Exempt Bond Program
Indiana Department of Natural Resources – Division of Historic Preservation – Historic Property Investment Tax Credit Program
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Duke Energy – Smart Saver Incentive Program for Business
Duke Energy – Large Business – Energy Efficiency Services
Duke Energy – Rider 54 – Brownfield Redevelopment Rate
Duke Energy – Rider 58 – Economic Development Incentive Rate
Hendricks Power Cooperative – Power Moves – Custom Programs, HVAC, Lighting, and New Construction
Parke County REMC – Power Moves – Custom Programs, HVAC, Lighting, and New Construction
Links and information listed on this page are provided for information purposes only and not meant to be legal or accounting advice. Federal and state incentives should be reviewed in consultation with one’s legal and accounting advisors.