The Indiana Enterprise Zone Program was established to improve the quality of life, halt disinvestment, encourage business development and investment, and assist job development within economically-distressed urban areas. The enterprise zone program seeks to achieve these goals by offering economic incentives and by building public-private partnerships aimed at strengthening local capacity for human and economic development. It is a comprehensive development program requiring the coordinated effort of business, government, and residents.
State law provides various tax incentives that are specific to the enterprise zone.
These incentives are designed to impact the cash flow position of a business and improve access to capital. A taxpayer may receive a credit against the personal property tax liability equal to the personal property tax on all inventory located in the zone. Employment Expense Credit . Gross Income Tax Exemption . All enterprise zone income exceeding the income earned in the enterprise zone prior to its designation is exempt from the state gross income tax.