Sec. 7. (a) A taxpayer that makes a contribution to a scholarship granting organization for use by the scholarship granting organization in a school scholarship program is entitled to a credit against the taxpayer's state tax liability in the taxable year in which the taxpayer makes the contribution.
(b) A taxpayer is not entitled to a credit under this chapter for a contribution to a scholarship granting organization that is used to provide a scholarship or other assistance to a child participating in the early education grant pilot program under IC 12-17.2-7.2.
As added by P.L.182-2009(ss), SEC.205. Amended by P.L.202-2014, SEC.1.
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