Location
A business must have been located in the zone on February 1, 1993*, or must be a business in Indiana starting operations or moving to the zone. Businesses outside the zone can qualify by establishing an addition site in the zone. A business may relocate and be eligible for zone benefits under special circumstances. If the business exists inside and outside the zone, it may not substantially relocate its operations to a zone for enterprise zone benefits.

* This does not apply to businesses as a result of zone expansions. Contact LUEA for details.

Registration
A business must register with the State Urban Enterprise Zone Board and the Lafayette Urban Enterprise Association to claim benefits. To register, the business must file a registration form (Form EZB-R) by May 31 of each year and pay a participation fee. The participation fee is a percentage of the tax benefits claimed. The participation fee for the LUEA is 35% of total zone tax savings. The business must also pay a percentage (1%) to the State Urban Enterprise Zone Board if the zone tax benefits claimed exceed $1,000.

Frequently Asked Questions (FAQs)

Employee Expense Credit/Employee Wage Deduction

Enterprise Zone Business Registration Form (EZB-R)
Adobe Acrobat Format (.pdf) - click here

Enterprise Zone Business Registration Extension (EZB-E)
Adobe Acrobat Format (.pdf) - click here

Schedule LIC
Adobe Acrobat Format (.pdf) - click here

Schedule EZ-2 Investment Deduction Form
Adobe Acrobat Format (.pdf) - click here

Schedule EZ 1,2,3
Adobe Acrobat Format (.pdf) - click here

IT-40 QEC
Adobe Acrobat Format (.pdf) - click here

104 Form
Adobe Acrobat Format (.pdf) - click here

103 Short Form
Adobe Acrobat Format (.pdf) - click here

103 Long Form
Adobe Acrobat Format (.pdf) - click here

IT-40 Individual Tax Return
Adobe Acrobat Format (.pdf) - click here

IT-20 Corporate/Business Tax Return
Adobe Acrobat Format (.pdf) - click here

Inventory Valuation for Incentive Reinvestment
Adobe Acrobat Format (.pdf) - click here

 

All Indiana tax forms may be found at the following link:
http://www.in.gov/dor/taxforms/statetoc.html

Forms require Adobe Acrobat to view. To Download Acrobat click on the icon to the left. Files in Adobe Acrobat format may take time to open.