Elkhart County Auditor
Financial Institution Tax Distributions
IC 6-5.5-2-1 imposes a financial institution tax on the adjusted gross income of any corporation transacting the business of a financial institution, including a holding company, a regulated financial corporation, a subsidiary of a holding company or regulated financial corporation, or any other corporation carrying on the business of a financial institution. Any taxpayer who is subject to tax under IC 6-5.5 is exempt from Indiana's adjusted gross income tax.
A resident taxpayer is a taxpayer who is commercially domiciled in Indiana and transacts the business of a financial institution in Indiana.
A nonresident taxpayer is a taxpayer who is not commercially domiciled in Indiana but transacts the business of a financial institution in this state.
The financial institution tax extends to both resident and nonresident financial institutions and to all other corporate entities when 80% or more of its gross income is derived from activities that constitute the business of a financial institution. The business of a financial institution is defined as activities authorized by the federal reserve board; the making, acquiring, selling, or servicing of loans or extensions of credit; acting as an agent, a broker, or an advisor in connection with leasing real and personal property that is the economic equivalent of an extension of credit; or operating a credit card, debit card, or charge card business.
Elkhart County Auditor – Pauline Graff
Contact us at the Auditor’s Office
Elkhart County Administration Offices
117 2nd Street, 2nd Floor
Goshen, IN 46526
Auditor: 574- 535-6719
Real Estate: 574-535-6710
Monday 8:00am – 5:00pm
Tuesday - Friday 8:00am – 4:00pm