The Investment Deduction is available to Evansville Enterprise Zone businesses on qualified investments on real and personal property. (IC 6-1.1-45) A "qualified investment" means any of the following expenditures relating to an enterprise zone location on which a taxpayer's zone business is located:
- The purchase of a building.
- The purchase of a new manufacturing or production equipment.
- Cost associated with the repair, rehabilitation, or moderniization of an existing building and related improvements.
- Onsite infrastructure improvements.
- The construction of a new building.
- Cost associated with retooling existing machinery.
A taxpayer that desires to claim the deduction, must file an EZ-2 Form with the Vanderburgh County Auditor between March 1 and May 10. When filing on personal property investments, attach a copy of your Personal Property Assessment Form 103 and include an equipment list with acquisition dates, costs and equipment descriptions. When filing on real estate improvements, you may not have your Form 11 or Notice of Assessment by the May 10 due date. In this case, file the EZ-2 form by May 10 and note on the form that you have not yet received your Form 11.
Credit will appear on tax bills for the following May and November.
A Business Commitment of Enterprise Zone Credits form must be completed and submitted to the Evansville Urban Enterprise Association for program participation. For further information contact them at:
135 South Garvin Street
Evansville, IN 47713
812-426-2490 / FAX 812-426-2551
Click here to view the EZ-2 form.
To view the 2004 Enterprise Zone Map, click here.
To view the Street addresses and numbers in the Enterprise Zone, click here.
