What are the different tax types handled by the Indiana Department of Revenue?

The Indiana Department of Revenue manages a variety of tax types that are essential for the state's financing and services. One prominent category is individual income tax, which applies to residents and non-residents earning income in Indiana. This tax is typically based on a flat rate of the taxable income of individuals. Another significant area is corporate income tax, which affects businesses operating within the state, with their rates determined by a percentage of their federal taxable income. Sales and use tax is also a crucial component, applied to the sale of tangible personal property and certain services. This tax is collected by sellers and remitted to the state, contributing substantially to state revenue. Additionally, the Indiana Department of Revenue oversees property tax, which is levied on real estate and personal property, and is commonly administered at the county level. Another tax type is the motor fuel tax, which applies to the sale of fuels used for motor vehicles, and this revenue is primarily used for infrastructure and road maintenance. Also noteworthy is the inheritance tax, applicable to the transfer of property after an individual's death, though it has been phased out for most heirs. Lastly, there are various excise taxes, including those on specific goods such as cigarettes and alcohol, which help regulate consumption and fund health initiatives. For an up-to-date list of tax types and specific regulations, consulting the Indiana Department of Revenue's official website is advisable for accurate information.