Sec. 8.5. (a) A certification provided under section 7.5 of this chapter must include notice to investors of the maximum amount of tax credits available under this chapter for the provision of qualified investment capital to the qualified Indiana investment fund.
(b) The maximum amount of tax credits available under this chapter for the provision of qualified investment capital to a qualified Indiana investment fund equals the lesser of the following:
(1) The total amount of qualified investment capital provided to the qualified Indiana investment fund in the calendar year, multiplied by twenty percent (20%).
(2) Five million dollars ($5,000,000).
As added by P.L.165-2021, SEC.82.
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