Sec. 12. A contribution to a scholarship granting organization shall be treated as having been made for use in a school scholarship program if:
(1) the contribution is made directly to a scholarship granting organization; and
(2) either:
(A) not later than the date of the contribution, the taxpayer designates in writing to the scholarship granting organization that the contribution is to be used only for a school scholarship program; or
(B) the scholarship granting organization provides the taxpayer with written confirmation that the contribution will be dedicated solely for use in a school scholarship program.
As added by P.L.182-2009(ss), SEC.205. Amended by P.L.92-2011, SEC.3.
Structure Indiana Code
Article 3.1. State Tax Liability Credits
Chapter 30.5. School Scholarship Tax Credit
6-3.1-30.5-2. "Pass Through Entity"
6-3.1-30.5-3. "Scholarship Granting Organization"
6-3.1-30.5-4. "School Scholarship Program"
6-3.1-30.5-5. "State Tax Liability"
6-3.1-30.5-8. Amount of Credit
6-3.1-30.5-9.5. Unused Credit Carried Forward; Taxable Years Beginning After December 31, 2012
6-3.1-30.5-10. Pass Through Entities
6-3.1-30.5-11. Claim of Credit; Submission of Information
6-3.1-30.5-12. Use of Contribution
6-3.1-30.5-13. Maximum Amount of Credit