Sec. 6. A taxpayer that:
(1) provides qualified investment capital to a qualified Indiana business or a qualified Indiana investment fund; and
(2) fulfills the requirements of the Indiana economic development corporation under section 12.5 of this chapter;
is entitled to a credit against the taxpayer's state tax liability in a taxable year equal to the amount specified in section 8 or 8.5 of this chapter, whichever is applicable.
As added by P.L.192-2002(ss), SEC.119. Amended by P.L.214-2003, SEC.2; P.L.4-2005, SEC.97; P.L.165-2021, SEC.79.
Structure Indiana Code
Article 3.1. State Tax Liability Credits
Chapter 24. Venture Capital Investment Tax Credit
6-3.1-24-1. "Pass Through Entity" Defined
6-3.1-24-2. "Qualified Indiana Business" Defined
6-3.1-24-2.5. "Qualified Indiana Investment Fund"
6-3.1-24-3. "Qualified Investment Capital" Defined
6-3.1-24-4. "State Tax Liability" Defined
6-3.1-24-4.5. "Substantial Presence"
6-3.1-24-5. "Taxpayer" Defined
6-3.1-24-6. Credit; Eligibility
6-3.1-24-7. Certification of Qualified Indiana Business; Forms; Fee
6-3.1-24-7.5. Certification of Qualified Indiana Investment Fund; Forms
6-3.1-24-8. Maximum Allowable Credit; Notice to Investors
6-3.1-24-8-b. Maximum Allowable Credit; Notice to Investors
6-3.1-24-8.5. Maximum Allowable Credit; Qualified Investment Fund; Notice to Investors
6-3.1-24-11. Pass Through Entity; Eligibility of Owners, Shareholders, or Members for Credit
6-3.1-24-12. Carryover of Unused Tax Credit; Assignment of All or Part of the Credit
6-3.1-24-12.5. Certification of Investment Plan; Application; Proof of Investment Within Two Years
6-3.1-24-13. Returns; Submission of Certificates From Indiana Economic Development Corporation