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When statehood was granted to Indiana 1816, the population of the state was sparse and poor. The small economy was entirely agricultural, and the only source of tax revenue available to the state was a property tax. A small bureaucracy was created to oversee the assessment and collection of the tax which was imposed at a fixed rate per acre.
Use tax is assessed upon tangible personal property and taxable services purchased by a resident or entity doing business in the taxing state upon the use, storage, enjoyment or consumption of the good or service, regardless of origin of the purchase. Use taxes are designed to discourage the purchase of products that are not subject to the sales tax within a taxing jurisdiction. [2] Use tax ...
The simplified business model provides potentially lower costs or higher profit margins for remote vendors. The 'up-front pricing' model attracts customers with low up-front prices reflecting the lower cost of goods to the vendor with less overhead. The vendor would then add the cost of shipping, and any other applicable fees to the order before processing. Since the vendor typically makes the ...
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A trade name, trading name, or business name is a pseudonym used by companies that do not operate under their registered company name. The term for this type of alternative name is a fictitious business name. [1] Registering the fictitious name with a relevant government body is often required. In a number of countries, the phrase " trading as ...
Indiana University is among the lowest-ranked universities for student free speech and open inquiry in the U.S., according to a new survey-based ranking by the free speech advocacy group ...
The government of Indiana is established and regulated by the Constitution of Indiana. The state-level government consists of three branches: the judicial branch, the legislative branch, and the executive branch. The three branches share power and jointly govern the state of Indiana. County and local governments are also constitutional bodies with limited authority to levy taxes, pass ...
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