Indiana Code
Title 6. Taxation
Article 3.1. State Tax Liability Credits

6-3.1-1-3. Limitation on Number of Credits Granted; Election by Taxpayer; Election to Carry Forward Certain Tax Credits - Sec. 3. (a) A taxpayer (as defined in the following...

6-3.1-1-4. Effect of Repeal of Tax Credit Statute on Carrying Over Unused Tax Credits - Sec. 4. Except as otherwise expressly provided, a taxpayer may...

6-3.1-1-5. Riverboat Building Tax Credit Allowed Despite Repeal of Tax Credit Statute if Qualified Investments Certified Before January 1, 2015 - Sec. 5. (a) As used in this section, "qualified taxpayer"...

Chapter 3. Repealed - Repealed by P.L.28-1997, SEC.31.

Chapter 4. Research Expense Credits

6-3.1-4-1. Definitions - Sec. 1. As used in this chapter: "Base amount" means...

6-3.1-4-2. Amount of Credit; Computation - Sec. 2. (a) A taxpayer who incurs Indiana qualified research...

6-3.1-4-2.5. Amount of Credit; Alternative Computation - Sec. 2.5. (a) The general assembly makes the following findings...

6-3.1-4-3. Unused Credits Carried Forward - Sec. 3. (a) The amount of the credit provided by...

6-3.1-4-4. Application of Internal Revenue Code Provisions - Sec. 4. The provisions of Section 41 of the Internal...

6-3.1-4-5. Qualified Research Expenses; Determination - Sec. 5. In prescribing standards for determining which qualified research...

6-3.1-4-6. Federal Credit Expiration Date Inapplicable - Sec. 6. Notwithstanding Section 41 of the Internal Revenue Code,...

6-3.1-4-7. Pass Through Entity; Shareholder, Partner, or Member - Sec. 7. (a) If a pass through entity does not...

6-3.1-4-8. Disclosure of Reasons for Not Claiming the Federal Credit - Sec. 8. (a) If a taxpayer claims a credit for...

Chapter 5. Repealed - Repealed by P.L.254-2003, SEC.14.

Chapter 6. Repealed - Repealed by P.L.190-2014, SEC.16.

Chapter 7. Enterprise Zone Loan Interest Credit

6-3.1-7-1. Definitions - Sec. 1. As used in this chapter: "Enterprise zone" means...

6-3.1-7-2. Eligible Taxpayers; Amount of Credit; Pass Through Entities - Sec. 2. (a) A taxpayer is entitled to a credit...

6-3.1-7-3. Credit Carryover - Sec. 3. (a) If the amount determined under section 2(b)...

6-3.1-7-4. Credit; Allocation to State Tax Liability - Sec. 4. (a) A credit to which a taxpayer is...

6-3.1-7-5. Claiming of Credit on Annual State Tax Return - Sec. 5. To receive the credit provided by this chapter,...

6-3.1-7-6. Disallowance of Credit - Sec. 6. (a) If the department determines that the proceeds...

6-3.1-7-7. Tax Credit Report - Sec. 7. The department shall annually compile and report to...

6-3.1-7-8. Program Expiration; Treatment of Credit Carryovers - Sec. 8. (a) Notwithstanding any other law, a taxpayer is...

Chapter 8. Repealed - Repealed by P.L.1-1993, SEC.39.

Chapter 9. Neighborhood Assistance Credits

6-3.1-9-1. Definitions - Sec. 1. (a) As used in this chapter, "authority" means...

6-3.1-9-2. Eligible Persons; Proposals; Approval - Sec. 2. (a) A business firm or a person who...

6-3.1-9-3. Amount of Credit; Application; Pass Through Entities; Shareholders or Partners of Firms Without Tax Liability - Sec. 3. (a) Subject to the limitations provided in subsection...

6-3.1-9-4. Application for Credit; Form; Contents; Priority; Notification of Credit Allowable; Filing of Statement; Disallowance - Sec. 4. (a) Any business firm or person which desires...

6-3.1-9-5. Limitation on Tax Credits; Approval of Applications; Failure to File Statement of Proof of Payment - Sec. 5. (a) The amount of tax credits allowed under...

6-3.1-9-6. Allowable Years of Credit - Sec. 6. A tax credit shall be allowable under this...

Chapter 10. Enterprise Zone Investment Cost Credit

6-3.1-10-1. "Enterprise Zone" Defined - Sec. 1. As used in this chapter, "enterprise zone" means...

6-3.1-10-1.7. "Pass Through Entity" Defined - Sec. 1.7. As used in this chapter, "pass through entity"...

6-3.1-10-2. "Qualified Investment" Defined - Sec. 2. As used in this chapter, "qualified investment" means...

6-3.1-10-2.5. "Sic Manual" Defined - Sec. 2.5. As used in this chapter, "SIC Manual" refers...

6-3.1-10-3. "State Tax Liability" Defined - Sec. 3. As used in this chapter, "state tax liability"...

6-3.1-10-4. "Taxpayer" Defined - Sec. 4. (a) As used in this chapter, "taxpayer" means...

6-3.1-10-5. "Transfer Ownership" Defined - Sec. 5. As used in this chapter, "transfer ownership" means...

6-3.1-10-6. Credit for Qualified Investment; Amount - Sec. 6. (a) A taxpayer is entitled to a credit...

6-3.1-10-6.5. Pass Through Entity; Credit - Sec. 6.5. (a) If a pass through entity is entitled...

6-3.1-10-7. Carryover of Excess Credit - Sec. 7. (a) If the amount determined under section 6(b)...

6-3.1-10-8. Qualifying for Credit; Request for Determination; Findings; Certification of Credit Percentage; Application of Credit on Transfer of Ownership - Sec. 8. (a) To be entitled to a credit, a...

6-3.1-10-9. Claiming Credit - Sec. 9. To receive the credit provided by this chapter,...

6-3.1-10-10. Program Expiration; Treatment of Credit Carryovers - Sec. 10. (a) Notwithstanding any other law and except as...

Chapter 11. Industrial Recovery Tax Credit

6-3.1-11-1. "Applicable Percentage" - Sec. 1. As used in this chapter, "applicable percentage" means...

6-3.1-11-2. Repealed - As added by P.L.379-1987(ss), SEC.11. Amended by P.L.4-2005, SEC.60. Repealed...

6-3.1-11-2.5. "Corporation" - Sec. 2.5. As used in this chapter, "corporation" refers to...

6-3.1-11-3. Repealed - As added by P.L.379-1987(ss), SEC.11. Repealed by P.L.204-2016, SEC.17.

6-3.1-11-4. "Floor Space" - Sec. 4. As used in this chapter, "floor space" means...

6-3.1-11-5. "Industrial Recovery Site" - Sec. 5. As used in this chapter, "industrial recovery site"...

6-3.1-11-6. Repealed - As added by P.L.379-1987(ss), SEC.11. Repealed by P.L.204-2016, SEC.19.

6-3.1-11-7. Repealed - As added by P.L.379-1987(ss), SEC.11. Repealed by P.L.204-2016, SEC.20.

6-3.1-11-8. "Placed in Service" - Sec. 8. As used in this chapter, "placed in service"...

6-3.1-11-9. "Plant" - Sec. 9. As used in this chapter, "plant" means a...

6-3.1-11-10. "Qualified Investment" - Sec. 10. As used in this chapter, "qualified investment" means...

6-3.1-11-11. "Rehabilitation" - Sec. 11. As used in this chapter, "rehabilitation" means the...

6-3.1-11-12. "State Tax Liability" - Sec. 12. As used in this chapter, "state tax liability"...

6-3.1-11-13. "Taxpayer" - Sec. 13. As used in this chapter, "taxpayer" means any...

6-3.1-11-14. "Vacant" - Sec. 14. As used in this chapter, "vacant" means with...

6-3.1-11-15. Repealed - As added by P.L.379-1987(ss), SEC.11. Amended by P.L.26-2004, SEC.1; P.L.113-2011,...

6-3.1-11-16. Credit for Qualified Investment; Computation of Amount; Assignment of Credit - Sec. 16. (a) Subject to entering into an agreement with...

6-3.1-11-17. Carryover of Excess Credit; Carryback or Refund of Unused Credit Barred - Sec. 17. (a) If the amount determined under section 16(b)...

6-3.1-11-18. Repealed - As added by P.L.379-1987(ss), SEC.11. Repealed by P.L.288-2013, SEC.39.

6-3.1-11-18.5. Application to Enter Into Agreement With the Corporation - Sec. 18.5. (a) A taxpayer that proposes to make qualified...

6-3.1-11-19. Evaluation of Applications; Factors Considered; Additional Requirements for Certain Industrial Recovery Sites - Sec. 19. (a) The corporation shall consider the following factors...

6-3.1-11-19.5. Requirement That Applicant Enter Into Agreement With the Corporation as a Condition of Receiving Tax Credit - Sec. 19.5. If the corporation approves an application under this...

6-3.1-11-20. Repealed - As added by P.L.379-1987(ss), SEC.11. Repealed by P.L.288-2013, SEC.41.

6-3.1-11-21. Disqualification to Claim Credit Due to Substantial Reduction or Cessation of Operations in Indiana; Determination - Sec. 21. A taxpayer is not entitled to claim the...

6-3.1-11-22. Application of Credit Against Taxes Owed; Order; Computation - Sec. 22. (a) A credit to which a taxpayer is...

6-3.1-11-23. Claiming of Credit on Annual Tax Return; Certification; Required Information - Sec. 23. To receive the credit provided by this chapter,...

6-3.1-11-24. Pass Through Entities - Sec. 24. (a) If a pass through entity does not...

6-3.1-11-25. Expiration - Sec. 25. (a) Notwithstanding any other law and except as...

Chapter 11.5. Repealed - Repealed by P.L.288-2013, SEC.44.

Chapter 11.6. Repealed - Repealed by P.L.288-2013, SEC.45.

Chapter 12. Repealed - Repealed by P.L.2-1995, SEC.140.

Chapter 13. Economic Development for a Growing Economy Tax Credit

6-3.1-13-0.4. Legalization of Actions Taken by Indiana Economic Development Corporation in Administration of Chapter After February 8, 2005, and Before May 11, 2005 - Sec. 0.4. The actions taken by the Indiana economic development...

6-3.1-13-1. Repealed - As added by P.L.41-1994, SEC.1. Repealed by P.L.4-2005, SEC.148.

6-3.1-13-1.5. "Corporation" - Sec. 1.5. As used in this chapter, "corporation" means the...

6-3.1-13-2. "Credit Amount" - Sec. 2. As used in this chapter, "credit amount" means...

6-3.1-13-3. Repealed - As added by P.L.41-1994, SEC.1. Amended by P.L.4-2005, SEC.68. Repealed...

6-3.1-13-4. "Full-Time Employee" - Sec. 4. As used in this chapter, "full-time employee" means...

6-3.1-13-5. "Incremental Income Tax Withholdings" - Sec. 5. (a) As used in this chapter, "incremental income...

6-3.1-13-5.3. "Naics" - Sec. 5.3. As used in this chapter, "NAICS" refers to...

6-3.1-13-5.5. "Naics Industry Sector" - Sec. 5.5. As used in this chapter, "NAICS industry sector"...

6-3.1-13-6. "New Employee" - Sec. 6. (a) As used in this chapter, "new employee"...

6-3.1-13-7. "Pass Through Entity" - Sec. 7. As used in this chapter, "pass through entity"...

6-3.1-13-8. "Related Member" - Sec. 8. As used in this chapter, "related member" means...

6-3.1-13-9. "State Tax Liability" - Sec. 9. As used in this chapter, "state tax liability"...

6-3.1-13-10. "Taxpayer" - Sec. 10. As used in this chapter, "taxpayer" means a...

6-3.1-13-11. Credit Against State Tax Liability - Sec. 11. Subject to the conditions set forth in this...

6-3.1-13-12. Repealed - As added by P.L.41-1994, SEC.1. Amended by P.L.224-2003, SEC.192. Repealed...

6-3.1-13-13. Purposes for Which Credit May Be Awarded; Years for Which Credit Claimed - Sec. 13. (a) The corporation may make credit awards under...

6-3.1-13-14. Application to Enter Into Agreement for Tax Credit - Sec. 14. (a) A person that proposes a project to...

6-3.1-13-15. Agreement for Tax Credit With Respect to New Job Creation; Conditions - Sec. 15. This section applies to an application proposing a...

6-3.1-13-15.5. Agreement for Tax Credit With Respect to Job Retention; Conditions - Sec. 15.5. This section applies to an application proposing to...

6-3.1-13-15.7. Repealed - As added by P.L.167-2014, SEC.7. Repealed by P.L.74-2020, SEC.11.

6-3.1-13-16. Relocation of Jobs From One Site to Another Within State; Credit Prohibited - Sec. 16. A person is not entitled to claim the...

6-3.1-13-17. Amount of Credit Awarded; Factors; Conditions for a Project Without a Physical Location in Indiana - Sec. 17. (a) If the applicant proposes a project that...

6-3.1-13-18. Duration of Credit; Maximum Credit With Respect to Job Creation; Prohibit Computation of Credit - Sec. 18. (a) The corporation shall determine the amount and...

6-3.1-13-19. Agreement for Tax Credit With Respect to Job Creation; Requirements - Sec. 19. In the case of a credit awarded for...

6-3.1-13-19.5. Agreement for Tax Credit With Respect to Job Retention; Requirements - Sec. 19.5. (a) In the case of a credit awarded...

6-3.1-13-19.7. Repealed - As added by P.L.167-2014, SEC.8. Amended by P.L.145-2016, SEC.27. Repealed...

6-3.1-13-20. Claiming Credit; Election to Receive Payment in Lieu of Credit; Submission of Required Information to Department of State Revenue - Sec. 20. (a) Except as provided in subsection (b), a...

6-3.1-13-21. Pass Through Entity; Calculation of Tax Credit; Shareholder or Partner Claiming Credit; Refundable Credits - Sec. 21. (a) If a pass through entity does not...

6-3.1-13-22. Noncompliance With Agreement; Assessments - Sec. 22. If the corporation determines that a taxpayer who...

6-3.1-13-23. Repealed - As added by P.L.41-1994, SEC.1. Amended by P.L.28-2004, SEC.65; P.L.4-2005,...

6-3.1-13-24. Biennial Evaluation by Indiana Economic Development Corporation - Sec. 24. On a biennial basis, the corporation shall provide...

6-3.1-13-25. Rules Adoption; Fees - Sec. 25. The corporation may adopt rules under IC 4-22-2...

6-3.1-13-26. Economic Development for a Growing Economy Fund; Use; Investments; Appropriations - Sec. 26. (a) The economic development for a growing economy...

6-3.1-13-27. Repealed - As added by P.L.114-2000, SEC.1. Amended by P.L.170-2002, SEC.24; P.L.4-2005,...

6-3.1-13-28. Repealed - As added by P.L.205-2013, SEC.83. Repealed by P.L.130-2018, SEC.26.

Chapter 13.5. Repealed - Repealed by P.L.288-2013, SEC.46.

Chapter 16.1. Historic Rehabilitation Tax Credit

6-3.1-16.1-1. Authorization to Claim Credit - Sec. 1. (a) For purposes of this section, "department" refers...

Chapter 17. Repealed - Repealed by P.L.190-2014, SEC.17.

Chapter 18. Individual Development Account Tax Credit

6-3.1-18-1. "Community Development Corporation" - Sec. 1. As used in this chapter, "community development corporation"...

6-3.1-18-2. "Fund" - Sec. 2. As used in this chapter, "fund" refers to...

6-3.1-18-3. "Individual Development Account" - Sec. 3. As used in this chapter, "individual development account"...

6-3.1-18-4. "Pass Through Entity" - Sec. 4. As used in this chapter, "pass through entity"...

6-3.1-18-4.5. "Qualified Contribution" - Sec. 4.5. As used in this chapter, "qualified contribution" means...

6-3.1-18-5. "State Tax Liability" - Sec. 5. As used in this chapter, "state tax liability"...

6-3.1-18-6. Credit; Amount; Calculation; Application - Sec. 6. (a) Subject to the limitations provided in subsection...

6-3.1-18-7. Application of Tax Credit to Pass Through Entities; Calculation - Sec. 7. If a pass through entity is entitled to...

6-3.1-18-8. Credit Supplement; Other Credits - Sec. 8. The credit provided under section 7 of this...

6-3.1-18-9. Application for Tax Credit; Proof of Payment - Sec. 9. (a) A person that or an individual who...

6-3.1-18-10. Amount of Tax Credits Allowed - Sec. 10. (a) The amount of tax credits allowed under...

6-3.1-18-11. Tax Credit Available Only in Year Paid - Sec. 11. A tax credit shall be allowable under this...

Chapter 19. Community Revitalization Enhancement District Tax Credit

6-3.1-19-1. "State and Local Tax Liability" - Sec. 1. As used in this chapter, "state and local...

6-3.1-19-1.5. "Pass Through Entity" - Sec. 1.5. As used in this chapter, "pass through entity"...

6-3.1-19-2. "Qualified Investment" - Sec. 2. (a) As used in this chapter, "qualified investment"...

6-3.1-19-2.5. "Taxpayer" - Sec. 2.5. As used in this chapter, "taxpayer" means an...

6-3.1-19-3. Entitlement to Credit; Amount; Assignment - Sec. 3. (a) Except as provided in section 5 of...

6-3.1-19-4. Credit Carryover; Carryback or Refund Unavailable - Sec. 4. If the amount of the credit determined under...

6-3.1-19-5. Ineligibility for Credit to Extent of Reduction or Cessation of Operations in Indiana; Eligibility Determinations; Criteria; Appeals - Sec. 5. (a) A taxpayer is not entitled to claim...

6-3.1-19-5.5. Repealed - As added by P.L.113-2010, SEC.60. Repealed by P.L.172-2011, SEC.162.

6-3.1-19-6. Method of Claiming Credit; Submission of Information - Sec. 6. To receive the credit provided by this section,...

Chapter 20. Income Tax Credit for Property Taxes Paid on Homesteads

6-3.1-20-1. "Indiana Income" - Sec. 1. As used in this chapter, "Indiana income" means...

6-3.1-20-2. "Homestead" - Sec. 2. As used in this chapter, "homestead" has the...

6-3.1-20-3. "State Income Tax Liability" - Sec. 3. As used in this chapter, "state income tax...

6-3.1-20-4. Entitlement to Credit - Sec. 4. (a) Except as provided in subsections (b) and...

6-3.1-20-5. Amount of Credit - Sec. 5. (a) Each year, an individual described in section...

6-3.1-20-6. Filing With Department Required - Sec. 6. To obtain the credit provided by this chapter,...

6-3.1-20-7. Amount of Credits Determined by Department and Deposited in State General Fund; Transfers to Northwest Indiana Regional Development Authority - Sec. 7. (a) The department shall before July 1 of...

Chapter 21. Earned Income Tax Credit

6-3.1-21-1. Creation of Credit - Sec. 1. This chapter creates the Indiana earned income tax...

6-3.1-21-2. Repealed - As added by P.L.273-1999, SEC.227. Repealed by P.L.192-2002(ss), SEC.191.

6-3.1-21-3. Repealed - As added by P.L.273-1999, SEC.227. Repealed by P.L.192-2002(ss), SEC.191.

6-3.1-21-4. Repealed - As added by P.L.273-1999, SEC.227. Repealed by P.L.192-2002(ss), SEC.191.

6-3.1-21-5. Repealed - As added by P.L.273-1999, SEC.227. Repealed by P.L.192-2002(ss), SEC.191.

6-3.1-21-6. Credit; Amount; Calculation; Eligible Persons; Determination of Taxpayer's Earned Income; Cost of Living Adjustments Under the Internal Revenue Code - Sec. 6. (a) Except as provided by subsections (b), (d),...

6-3.1-21-7. Repealed - As added by P.L.273-1999, SEC.227. Repealed by P.L.192-2002(ss), SEC.191.

6-3.1-21-8. Claim for Credit on Return; Submission of Information - Sec. 8. To obtain a credit under this chapter, a...

6-3.1-21-9. Application of Credit to Tanf - Sec. 9. (a) The division of family resources shall apply...

6-3.1-21-10. Repealed - As added by P.L.273-1999, SEC.227. Amended by P.L.291-2001, SEC.152; P.L.192-2002(ss),...

Chapter 22. Residential Historic Rehabilitation Credit

6-3.1-22-1. Repealed - As added by P.L.129-2001, SEC.7. Repealed by P.L.166-2014, SEC.26.

6-3.1-22-2. "Office" - Sec. 2. As used in this chapter, "office" means the...

6-3.1-22-3. "Preservation" - Sec. 3. (a) As used in this chapter, "preservation" means...

6-3.1-22-4. "Qualified Expenditures" - Sec. 4. (a) As used in this chapter, "qualified expenditures"...

6-3.1-22-5. "Rehabilitation" - Sec. 5. As used in this chapter, "rehabilitation" means the...

6-3.1-22-6. "State Tax Liability" - Sec. 6. As used in this chapter, "state tax liability"...

6-3.1-22-7. "Taxpayer" - Sec. 7. As used in this chapter, "taxpayer" means: (1)...

6-3.1-22-8. Entitlement to Credit - Sec. 8. (a) Subject to section 14 of this chapter,...

6-3.1-22-9. Qualifying Conditions; Assistance to Office by Department of Natural Resources - Sec. 9. (a) A taxpayer qualifies for a credit under...

6-3.1-22-10. Certifications for Rehabilitation Work - Sec. 10. (a) The office shall provide the certifications referred...

6-3.1-22-11. Credit Claimed on Tax Return - Sec. 11. To obtain a credit under this chapter, a...

6-3.1-22-12. Reduction of Adjusted Basis - Sec. 12. For purposes of IC 6-3, the adjusted basis...

6-3.1-22-13. Recaptured Credit - Sec. 13. (a) A credit claimed under this chapter shall...

6-3.1-22-14. Credit Exceeding Tax Liability - Sec. 14. (a) If the credit provided by this chapter...

6-3.1-22-15. Maximum Credit - Sec. 15. The amount of tax credits allowed under this...

6-3.1-22-16. Adoption of Rules - Sec. 16. The following may adopt rules under IC 4-22-2...

Chapter 22.2. Repealed - Repealed by P.L.1-2007, SEC.248.

Chapter 23. Repealed - Repealed by P.L.190-2014, SEC.18.

Chapter 23.8. Repealed - Repealed by P.L.192-2002(ss), SEC.191.

Chapter 24. Venture Capital Investment Tax Credit

6-3.1-24-1. "Pass Through Entity" Defined - Sec. 1. As used in this chapter, "pass through entity"...

6-3.1-24-2. "Qualified Indiana Business" Defined - Sec. 2. As used in this chapter, "qualified Indiana business"...

6-3.1-24-2.5. "Qualified Indiana Investment Fund" - Sec. 2.5. As used in this chapter, "qualified Indiana investment...

6-3.1-24-3. "Qualified Investment Capital" Defined - Sec. 3. As used in this chapter, "qualified investment capital"...

6-3.1-24-4. "State Tax Liability" Defined - Sec. 4. As used in this chapter, "state tax liability"...

6-3.1-24-4.5. "Substantial Presence" - Sec. 4.5. (a) As used in this chapter, "substantial presence"...

6-3.1-24-5. "Taxpayer" Defined - Sec. 5. As used in this chapter, "taxpayer" means an...

6-3.1-24-6. Credit; Eligibility - Sec. 6. A taxpayer that: (1) provides qualified investment capital...

6-3.1-24-7. Certification of Qualified Indiana Business; Forms; Fee - Sec. 7. (a) The Indiana economic development corporation shall certify...

6-3.1-24-7.5. Certification of Qualified Indiana Investment Fund; Forms - Sec. 7.5. (a) The Indiana economic development corporation may certify...

6-3.1-24-8. Maximum Allowable Credit; Notice to Investors - Note: This version of section effective until 1-1-2023. See also...

6-3.1-24-8-b. Maximum Allowable Credit; Notice to Investors - Note: This version of section effective 1-1-2023. See also preceding...

6-3.1-24-8.5. Maximum Allowable Credit; Qualified Investment Fund; Notice to Investors - Sec. 8.5. (a) A certification provided under section 7.5 of...

6-3.1-24-9. Repealed - As added by P.L.192-2002(ss), SEC.119. Amended by P.L.214-2003, SEC.4; P.L.4-2005,...

6-3.1-24-10. Repealed - As added by P.L.192-2002(ss), SEC.119. Repealed by P.L.165-2021, SEC.84.

6-3.1-24-11. Pass Through Entity; Eligibility of Owners, Shareholders, or Members for Credit - Sec. 11. If a pass through entity is entitled to...

6-3.1-24-12. Carryover of Unused Tax Credit; Assignment of All or Part of the Credit - Sec. 12. (a) If the amount of the credit determined...

6-3.1-24-12.5. Certification of Investment Plan; Application; Proof of Investment Within Two Years - Sec. 12.5. (a) A taxpayer wishing to obtain a credit...

6-3.1-24-13. Returns; Submission of Certificates From Indiana Economic Development Corporation - Sec. 13. To receive the credit provided by this chapter,...

6-3.1-24-14. Tax Credit Not Considered a Security; Issuance or Assignment Not Subject to the Indiana Securities Law - Sec. 14. A certificate or tax credit issued under this...

6-3.1-24-15. Maximum Annual Statewide Allowance for Credits - Sec. 15. (a) Before January 1, 2022, the total amount...

Chapter 25.2. Repealed - Repealed by P.L.288-2013, SEC.48.

Chapter 26. Hoosier Business Investment Tax Credit

6-3.1-26-0.3. Legalization of Actions Taken by Indiana Economic Development Corporation in Administration of Chapter After February 8, 2005, and Before May 11, 2005 - Sec. 0.3. The actions taken by the Indiana economic development...

6-3.1-26-1. Repealed - As added by P.L.224-2003, SEC.197. Repealed by P.L.288-2013, SEC.49.

6-3.1-26-2. Repealed - As added by P.L.224-2003, SEC.197. Repealed by P.L.4-2005, SEC.148.

6-3.1-26-2.5. "Corporation" - Sec. 2.5. As used in this chapter, "corporation" means the...

6-3.1-26-3. Repealed - As added by P.L.224-2003, SEC.197. Repealed by P.L.145-2016, SEC.30.

6-3.1-26-3.1. "Digital Manufacturing Equipment" - Sec. 3.1. As used in this chapter, "digital manufacturing equipment"...

6-3.1-26-4. Repealed - As added by P.L.224-2003, SEC.197. Repealed by P.L.288-2013, SEC.50.

6-3.1-26-5. "Highly Compensated Employee" - Sec. 5. As used in this chapter, "highly compensated employee"...

6-3.1-26-5.5. "Motion Picture or Audio Production" - Sec. 5.5. As used in this chapter, "motion picture or...

6-3.1-26-6. "New Employee" - Sec. 6. As used in this chapter, "new employee" has...

6-3.1-26-7. "Pass Through Entity" - Sec. 7. As used in this chapter, "pass through entity"...

6-3.1-26-8. "Qualified Investment" - Sec. 8. (a) As used in this chapter, "qualified investment"...

6-3.1-26-8.5. "Logistics Investment" - Sec. 8.5. For purposes of this chapter, a "logistics investment"...

6-3.1-26-9. "State Tax Liability" - Sec. 9. As used in this chapter, "state tax liability"...

6-3.1-26-10. Repealed - As added by P.L.224-2003, SEC.197. Repealed by P.L.199-2005, SEC.40.

6-3.1-26-11. "Taxpayer" - Sec. 11. As used in this chapter, "taxpayer" means an...

6-3.1-26-12. Purpose of Credit - Sec. 12. The corporation may make credit awards under this...

6-3.1-26-13. Entitlement to Credit - Sec. 13. A taxpayer that: (1) is awarded a tax...

6-3.1-26-14. Amount of Credit - Sec. 14. The total amount of a tax credit claimed...

6-3.1-26-15. Carry Forward of Credit; Acceleration of Certain Credits - Sec. 15. (a) Subject to subsection (d) and (g), a...

6-3.1-26-16. Shareholder or Partner Entitled to Credit; Acceleration of Certain Credits - Sec. 16. (a) If a pass through entity does not...

6-3.1-26-17. Application - Sec. 17. A person that proposes a project to: (1)...

6-3.1-26-18. Agreement for Credit; Conditions - Sec. 18. After receipt of an application, the corporation may...

6-3.1-26-19. Credit Disallowed for Relocated Jobs - Sec. 19. A person is not entitled to claim the...

6-3.1-26-20. Certification of Qualified Investments - Sec. 20. (a) The corporation shall certify the amount of...

6-3.1-26-21. Agreement for Credit; Contents - Sec. 21. The corporation shall enter into an agreement with...

6-3.1-26-22. Certificate of Verification - Sec. 22. A taxpayer claiming a credit under this chapter...

6-3.1-26-23. Noncompliance With Agreement; Assessments - Sec. 23. If the corporation determines that a taxpayer who...

6-3.1-26-24. Repealed - As added by P.L.224-2003, SEC.197. Amended by P.L.28-2004, SEC.66; P.L.4-2005,...

6-3.1-26-25. Biennial Evaluation; Reporting Requirements - Sec. 25. (a) On a biennial basis, the corporation shall...

6-3.1-26-26. Repealed - As added by P.L.224-2003, SEC.197. Amended by P.L.81-2004, SEC.16; P.L.137-2006,...

Chapter 27. Repealed - Repealed by P.L.190-2014, SEC.19.

Chapter 28. Repealed - Repealed by P.L.190-2014, SEC.20.

Chapter 29. Coal Gasification Technology Investment Tax Credit

6-3.1-29-0.1. Application of Chapter; Severability - Sec. 0.1. (a) The addition of this chapter by P.L.191-2005...

6-3.1-29-1. Legislative Intent; Use of Women and Minority Businesses as Vendors - Sec. 1. The general assembly declares that the opportunity for...

6-3.1-29-2. "Commission" - Sec. 2. As used in this chapter, "commission" refers to...

6-3.1-29-3. "Corporation" - Sec. 3. As used in this chapter, "corporation" refers to...

6-3.1-29-4. "Department" - Sec. 4. As used in this chapter, "department" refers to...

6-3.1-29-4.5. "Fluidized Bed Combustion Technology" - Sec. 4.5. As used in this chapter, "fluidized bed combustion...

6-3.1-29-5. "Indiana Coal" - Sec. 5. As used in this chapter, "Indiana coal" has...

6-3.1-29-6. "Integrated Coal Gasification Powerplant" - Sec. 6. As used in this chapter, "integrated coal gasification...

6-3.1-29-7. "Minority" - Sec. 7. As used in this chapter, "minority" means a...

6-3.1-29-8. "Minority Business Enterprise" - Sec. 8. As used in this chapter, "minority business enterprise"...

6-3.1-29-9. "Pass Through Entity" - Sec. 9. As used in this chapter, "pass through entity"...

6-3.1-29-10. "Qualified Investment" - Sec. 10. As used in this chapter, "qualified investment" means...

6-3.1-29-11. "State Tax Liability" - Sec. 11. As used in this chapter, "state tax liability"...

6-3.1-29-12. "Taxpayer" - Sec. 12. As used in this chapter, "taxpayer" means a...

6-3.1-29-13. "Women's Business Enterprise" - Sec. 13. As used in this chapter, "women's business enterprise"...

6-3.1-29-14. Credit - Sec. 14. (a) A taxpayer that: (1) is awarded a...

6-3.1-29-15. Computation of Credit Amount - Sec. 15. (a) Subject to section 16 of this chapter,...

6-3.1-29-16. Limitations on Use of Credit - Sec. 16. (a) A credit awarded under section 15 of...

6-3.1-29-17. Preconstruction Application for Credit - Sec. 17. A person that proposes to place a new...

6-3.1-29-18. Conditions for Granting Credit Application - Sec. 18. After receipt of an application, the corporation may...

6-3.1-29-19. Terms of Required Agreement; Certificate of Compliance - Sec. 19. (a) The corporation shall enter into an agreement...

6-3.1-29-20. Allocation of Credit Among Shareholders, Partners, and Members - Sec. 20. (a) This section applies if a qualified investment...

6-3.1-29-20.5. Assignability of Credit by Contract - Sec. 20.5. (a) Subject to subsection (c), part or all...

6-3.1-29-20.7. Findings; Election to Receive Refundable Credit - Sec. 20.7. (a) The findings in IC 4-4-11.6-12 (before its...

6-3.1-29-21. Claiming Tax Credit - Sec. 21. To receive the credit awarded by this chapter,...

Chapter 30. Headquarters Relocation Tax Credit

6-3.1-30-1. "Corporate Headquarters" - Sec. 1. As used in this chapter, "corporate headquarters" means...

6-3.1-30-1.5. "Corporation" - Sec. 1.5. As used in this chapter, "corporation" refers to...

6-3.1-30-2. "Eligible Business" - Sec. 2. As used in this chapter, "eligible business" means...

6-3.1-30-3. "Pass Through Entity" - Sec. 3. As used in this chapter, "pass through entity"...

6-3.1-30-4. "Qualifying Project" - Sec. 4. As used in this chapter, "qualifying project" means...

6-3.1-30-5. "Relocation Costs" - Sec. 5. As used in this chapter, "relocation costs" means...

6-3.1-30-6. "State Tax Liability" - Sec. 6. As used in this chapter, "state tax liability"...

6-3.1-30-7. "Taxpayer" - Sec. 7. As used in this chapter, "taxpayer" means an...

6-3.1-30-7.1. "Venture Capital" - Sec. 7.1. As used in this chapter, "venture capital" means...

6-3.1-30-7.5. Duties of the Corporation - Sec. 7.5. The corporation shall do the following: (1) Evaluate...

6-3.1-30-8. Tax Credit - Sec. 8. Subject to entering into an agreement with the...

6-3.1-30-9. Determination of Tax Credit Amount - Sec. 9. (a) Subject to subsection (b), the amount of...

6-3.1-30-10. Pass Through Entity; Shareholder, Partner, or Member - Sec. 10. If a pass through entity is entitled to...

6-3.1-30-11. Carryover; Unused Tax Credit; Refundable at the Discretion of the Corporation - Sec. 11. (a) If the credit provided by this chapter...

6-3.1-30-12. Claiming Tax Credit; Returns; Information Required by Department of State Revenue - Sec. 12. To receive the credit provided by this chapter,...

6-3.1-30-13. Determination of Expenses Resulting From Relocation - Sec. 13. In determining whether an expense of the eligible...

6-3.1-30-14. Application; Requirement to Enter Into an Agreement With the Corporation - Sec. 14. (a) To be awarded a credit under this...

6-3.1-30-15. Provisions Required in an Agreement - Sec. 15. (a) The corporation shall require the taxpayer to...

6-3.1-30-16. Noncompliance With Agreement; Assessments - Sec. 16. (a) If the corporation determines that a taxpayer...

Chapter 30.5. School Scholarship Tax Credit

6-3.1-30.5-0.5. Severability - Sec. 0.5. Each provision of P.L.92-2011 is presumed to be...

6-3.1-30.5-1. "Credit" - Sec. 1. As used in this chapter, "credit" refers to...

6-3.1-30.5-2. "Pass Through Entity" - Sec. 2. As used in this chapter, "pass through entity"...

6-3.1-30.5-3. "Scholarship Granting Organization" - Sec. 3. As used in this chapter, "scholarship granting organization"...

6-3.1-30.5-4. "School Scholarship Program" - Sec. 4. As used in this chapter, "school scholarship program"...

6-3.1-30.5-5. "State Tax Liability" - Sec. 5. As used in this chapter, "state tax liability"...

6-3.1-30.5-6. "Taxpayer" - Sec. 6. As used in this chapter, "taxpayer" means an...

6-3.1-30.5-7. Credit - Sec. 7. (a) A taxpayer that makes a contribution to...

6-3.1-30.5-8. Amount of Credit - Sec. 8. The amount of a taxpayer's credit is equal...

6-3.1-30.5-9.5. Unused Credit Carried Forward; Taxable Years Beginning After December 31, 2012 - Sec. 9.5. (a) This section applies to a taxpayer that...

6-3.1-30.5-10. Pass Through Entities - Sec. 10. If a pass through entity is entitled to...

6-3.1-30.5-11. Claim of Credit; Submission of Information - Sec. 11. To apply a credit against the taxpayer's state...

6-3.1-30.5-12. Use of Contribution - Sec. 12. A contribution to a scholarship granting organization shall...

6-3.1-30.5-13. Maximum Amount of Credit - Sec. 13. (a) The total amount of tax credits awarded...

6-3.1-30.5-14. Information Posted by the Department - Sec. 14. The department, on an Internet web site used...

6-3.1-30.5-15. Adoption of Rules - Sec. 15. The department shall adopt rules under IC 4-22-2...

Chapter 31.5. Repealed - Repealed by P.L.190-2014, SEC.21.

Chapter 31.9. Repealed - Repealed by P.L.214-2019, SEC.25.

Chapter 33. Repealed - Repealed by P.L.190-2014, SEC.22.

Chapter 34. Redevelopment Tax Credit

6-3.1-34-1. "Board" - Sec. 1. As used in this chapter, "board" means the...

6-3.1-34-2. "Corporation" - Sec. 2. As used in this chapter, "corporation" refers to...

6-3.1-34-3. "Floor Space" - Sec. 3. As used in this chapter, "floor space" means...

6-3.1-34-3.5. "Mine Reclamation Site" - Sec. 3.5. As used in this chapter, "mine reclamation site"...

6-3.1-34-4. "Pass Through Entity" - Sec. 4. As used in this chapter, "pass through entity"...

6-3.1-34-5. "Placed in Service" - Sec. 5. As used in this chapter, "placed in service"...

6-3.1-34-6. "Qualified Redevelopment Site" - Sec. 6. As used in this chapter, "qualified redevelopment site"...

6-3.1-34-7. "Qualified Investment" - Sec. 7. As used in this chapter, "qualified investment" means...

6-3.1-34-8. "Rehabilitation" - Sec. 8. As used in this chapter, "rehabilitation" means the...

6-3.1-34-9. "State Tax Liability" - Sec. 9. As used in this chapter, "state tax liability"...

6-3.1-34-10. "Taxpayer" - Sec. 10. As used in this chapter, "taxpayer" means any...

6-3.1-34-11. Application; Amount of Credit; Pass Through Entity - Sec. 11. (a) A taxpayer may claim a credit against...

6-3.1-34-12. Allocation of Credit Against Taxes Owed; Order; Computation - Sec. 12. (a) A tax credit that a taxpayer may...

6-3.1-34-13. Credit Carryover - Sec. 13. (a) If the amount of the credit determined...

6-3.1-34-14. Credit Assignment - Sec. 14.(a) If a taxpayer is awarded a credit under...

6-3.1-34-15. Requirements to Be Awarded a Credit - Sec. 15. To be awarded a credit under this chapter,...

6-3.1-34-16. Factors Considered in Determining Whether to Award a Credit - Sec. 16. The corporation shall consider the following factors in...

6-3.1-34-17. Requirement That Taxpayer Enter Into Agreement With the Corporation; Applicable Credit Percentage - Sec. 17. (a) The following apply if the corporation determines...

6-3.1-34-18. Repayment Provisions - Sec. 18. (a) Except as provided in subsection (b), if...

6-3.1-34-19. Procedure to Claim a Credit - Sec. 19. To receive a credit provided by this chapter,...

6-3.1-34-20. Notice of Noncompliance; Assessment - Sec. 20. (a) If the corporation determines that a taxpayer...

6-3.1-34-21. Evaluation of the Performance of the Tax Credit Program; Report - Sec. 21. (a) The board shall establish measurements for evaluating...

6-3.1-34-22. Repealed - As added by P.L.158-2019, SEC.29. Repealed by P.L.135-2022, SEC.18.

Chapter 34.6. Tax Credit for Natural Gas Powered Vehicles

6-3.1-34.6-1. Applicability - Sec. 1. (a) Subject to subsection (b), this chapter applies...

6-3.1-34.6-2. "Department" - Sec. 2. As used in this chapter, "department" refers to...

6-3.1-34.6-3. "Natural Gas" - Sec. 3. As used in this chapter, "natural gas" means...

6-3.1-34.6-4. "Pass Through Entity" - Sec. 4. As used in this chapter, "pass through entity"...

6-3.1-34.6-5. "Person" - Sec. 5. As used in this chapter, "person" means an...

6-3.1-34.6-6. "Qualified Vehicle" - Sec. 6. As used in this chapter, "qualified vehicle" means...

6-3.1-34.6-7. "State Tax Liability" - Sec. 7. As used in this chapter, "state tax liability"...

6-3.1-34.6-8. Credit Claims; Credit Amounts; Claims for Vehicles Placed Into Service in 2013 - Sec. 8. (a) Subject to subsection (c), a person that...

6-3.1-34.6-9. Maximum Credit Amount for Vehicles Placed Into Service in Taxable Years Beginning After December 31, 2013 - Sec. 9. This section does not apply to a taxable...

6-3.1-34.6-10. Maximum Annual Credit; Maximum Overall Credit - Sec. 10. The total amount of the tax credits granted...

6-3.1-34.6-11. Claiming Credit; Pass Through Entity - Sec. 11. (a) If a pass through entity places a...

6-3.1-34.6-12. Procedure to Claim Credit - Sec. 12. (a) To receive a credit under this chapter,...

6-3.1-34.6-13. Credit Carryover; No Carryback or Refund - Sec. 13. (a) If the amount of the credit determined...

6-3.1-34.6-14. Credit Sale, Assignment, or Transfer Prohibited - Sec. 14. A person may not sell, assign, convey, or...

Chapter 35. Affordable and Workforce Housing Tax Credit

6-3.1-35-1. Applicability; Applications - Effective 7-1-2023. Sec. 1. The state tax credit provided by...

6-3.1-35-2. Definitions - Effective 7-1-2023. Sec. 2. The following definitions apply throughout this...

6-3.1-35-3. Amount of Credit; Computation - Effective 7-1-2023. Sec. 3. (a) Except as otherwise provided in...

6-3.1-35-4. Credit Carryover - Effective 7-1-2023. Sec. 4. (a) If a holder's state tax...

6-3.1-35-5. Allocation of the Credit by Pass Through Entities That Do Not Have State Tax Liability - Effective 7-1-2023. Sec. 5. (a) If a pass through entity...

6-3.1-35-6. Credit Assignment - Effective 7-1-2023. Sec. 6. (a) A holder of a state...

6-3.1-35-7. Requirements to Be Awarded a Credit; Maximum Amount of Credits - Effective 7-1-2023. Sec. 7. (a) An eligible applicant who wishes...

6-3.1-35-8. Annual Aggregate Credit Limit - Effective 7-1-2023. Sec. 8. (a) For each state fiscal year...

6-3.1-35-9. Procedures to Claim a Credit - Effective 7-1-2023. Sec. 9. To receive the state tax credit...

6-3.1-35-10. Rules - Effective 7-1-2023. Sec. 10. The department or the authority, or...

6-3.1-35-11. Evaluation of the Effectiveness of the Credit - Effective 7-1-2023. Sec. 11. This chapter is subject to review...

6-3.1-35-12. Expiration of Chapter - Effective 7-1-2023. Sec. 12. This chapter expires July 1, 2028....

Chapter 35.8. Foster Care Support Tax Credit

6-3.1-35.8-1. Definitions - Sec. 1. (a) As used in this chapter, "foster care"...

6-3.1-35.8-2. Eligible Persons - Sec. 2. A person who makes a monetary contribution to...

6-3.1-35.8-3. Amount of Credit; Pass Through Entities - Sec. 3. (a) Subject to the limitations provided in subsection...

6-3.1-35.8-4. Application Process; Proof of Payment; Approval of a Qualified Foster Care Organization - Sec. 4. (a) Any business firm or person that desires...

6-3.1-35.8-5. Annual Aggregate Credit Limit - Sec. 5. (a) The amount of tax credits allowed under...

6-3.1-35.8-6. Unused Credits - Sec. 6. A tax credit shall be allowable under this...

6-3.1-35.8-7. Applicable Tax Years - Sec. 7. This chapter applies to taxable years beginning after...

6-3.1-35.8-8. Expiration - Sec. 8. This chapter expires July 1, 2025. As added...

Chapter 36. Film and Media Production Tax Credit

6-3.1-36-1. "Corporation" - Sec. 1. As used in this chapter, "corporation" refers to...

6-3.1-36-2. "Qualified Applicant" - Sec. 2. As used in this chapter, "qualified applicant" means...

6-3.1-36-3. "Qualified Media Production" - Sec. 3. As used in this chapter, "qualified media production"...

6-3.1-36-4. "Qualified Production Expenses" - Sec. 4. As used in this chapter, "qualified production expenses"...

6-3.1-36-5. "State Tax Liability" - Sec. 5. As used in this chapter, "state tax liability"...

6-3.1-36-6. "Taxpayer" - Sec. 6. As used in this chapter, "taxpayer" means a...

6-3.1-36-7. Application for Tax Credit; Certification of Eligibility - Sec. 7. (a) A qualified applicant may apply to the...

6-3.1-36-8. Determination of Tax Credit Amount - Sec. 8. If the corporation certifies a taxpayer under section...

6-3.1-36-9. Pass Through Entity; Shareholder, Partner, or Member - Sec. 9. If a pass through entity is entitled to...

6-3.1-36-10. Claiming of Credit on State Tax Return - Sec. 10. To receive the credit provided by this chapter,...

6-3.1-36-11. Credit Carryover - Sec. 11. (a) The amount of the credit provided by...

6-3.1-36-12. Credit Subject to Annual Aggregate Credit Limit - Sec. 12. A tax credit awarded under this chapter is...

6-3.1-36-13. Expiration - Sec. 13. This chapter expires July 1, 2027. As added...

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Indiana Code Title 6. Taxation Article 3.1. State Tax Liability Credits

Indiana Code
Title 6. Taxation
Article 3.1. State Tax Liability Credits