Eligibility
To be eligible for the Hoosier Business Investment (HBI) Tax Credit:
Project will result in net new jobs that were not previously performed by employees of the applicant
Project is economically sound and will benefit the people of Indiana by increasing opportunities for employment and strengthening the economy of Indiana
Receiving the tax credit is a major factor in the applicant’s decision to go forward with the project and not receiving the tax credit will result in the applicant not creating new jobs in Indiana
Political subdivisions/municipalities affected by the project have offered significant incentives to the business
Eligible capital investment includes new machinery and building costs associated with the project as outlined by I.C. 6-3.1-26-8.
For more information, please download the HBI Facts.