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14 | For more information, contact City of South Bend Business License Administrator, Michelle Adams | madams@southbendin.gov | 574.235.5912 A HANDBOOK FOR STARTING A SMALL BUSINESS IN SOUTH BENDSMALL BUSINESS <br />REGISTRATION FOR SALES, USE, AND INCOME TAXES <br />CORPORATE INCOME TAX <br />Except as otherwise provided, a corporation doing <br />business in Indiana, other than a corporation <br />defined as a taxpayer under IC <br />6-5.5-1-17, is subject to gross income tax, adjusted <br />gross income tax, and supplemental net income <br />tax. For more information, contact the Indiana <br />Department of Revenue, Corporate Tax Section at <br />317.232.0129. <br />INDIVIDUAL INCOME TAX <br />Individual taxes are paid by an individual <br />operating an unincorporated business (an <br />independent contractor, sole proprietor, or general <br />partner). <br />Estimated tax payments must be made by an <br />individual who receives income from which <br />Indiana adjusted gross income tax, county <br />adjusted gross income tax, county income tax, or <br />county economic income tax is not properly <br />withheld; and has an annual income tax liability <br />that is $1,000 or less as of January 1, 2008. For <br />more information, contact the Indiana <br />Department of Revenue at 317.232.2240. <br />PROPERTY TAX <br />Property taxes in Indiana are imposed at the <br />local level on real property (land and buildings) <br />and certain type of personal property. The <br />assessment date is January 1 of every year. <br />Property taxes are based on a “rate per hundred” <br />dollars of assessed value. For more information, <br />contact: <br />DEPARTMENT OF LOCAL <br />GOVERNMENT FINANCE <br />Assessment Division <br />100 N. Senate Avenue, N1058 <br />Indianapolis, IN 46204 <br />317.232.3777 <br />888.739.9826 <br />in.gov/dlgf <br />ESTABLISHING TAXING ACCOUNTS cont.