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Chapter 1. Definitions
6-5.5-1-1. Application of Definitions - Sec. 1. The definitions in this chapter apply throughout this...
6-5.5-1-2. "Adjusted Gross Income" - Note: This version of section effective until 1-1-2023. See also...
6-5.5-1-2-b. "Adjusted Gross Income" - Note: This version of section effective 1-1-2023. See also preceding...
6-5.5-1-3. "Business of a Financial Institution" - Sec. 3. "Business of a financial institution" has the meaning...
6-5.5-1-4. "Commercial Domicile" - Sec. 4. "Commercial domicile" means: (1) for a regulated financial...
6-5.5-1-5. "Compensation" - Sec. 5. "Compensation" means wages, salaries, commissions, and any other...
6-5.5-1-6. "Corporation" - Sec. 6. "Corporation" means an entity that is: (1) a...
6-5.5-1-7. "Department" - Sec. 7. "Department" refers to the department of state revenue....
6-5.5-1-8. "Employee" - Sec. 8. "Employee" has the same meaning as it has...
6-5.5-1-9. "Foreign Bank" - Sec. 9. "Foreign bank" means an entity organized under the...
6-5.5-1-10. "Gross Income" - Sec. 10. "Gross income" means gross income (as defined in...
6-5.5-1-11. "Internal Revenue Code" - Sec. 11. "Internal Revenue Code" has the meaning set forth...
6-5.5-1-12. "Nonresident Taxpayer" - Sec. 12. "Nonresident taxpayer" means a taxpayer that: (1) is...
6-5.5-1-13. "Resident Taxpayer" - Sec. 13. "Resident taxpayer" means a taxpayer that: (1) is...
6-5.5-1-14. "Subsidiary" - Sec. 14. "Subsidiary" means: (1) a corporation fifty percent (50%)...
6-5.5-1-15. "Taxable Year" - Sec. 15. "Taxable year", with respect to a taxpayer, means...
6-5.5-1-16. "Taxing Jurisdiction" - Sec. 16. "Taxing jurisdiction" means a state of the United...
6-5.5-1-17. "Taxpayer" - Sec. 17. (a) "Taxpayer" means a corporation that is transacting...
6-5.5-1-18. "Unitary Business" - Sec. 18. (a) "Unitary business" means business activities or operations...
6-5.5-1-19. "Partnership" - Sec. 19. "Partnership" has the meaning set forth in IC...
6-5.5-1-20. "Bonus Depreciation" - Sec. 20. As used in this article, "bonus depreciation" means...
6-5.5-1-21. "Loans Arising in Factoring" - Sec. 21. (a) "Loans arising in factoring" means: (1) a...
Chapter 2. Imposition of Tax
6-5.5-2-1. Computation of Franchise Tax - Sec. 1. (a) There is imposed on each taxpayer a...
6-5.5-2-2. Repealed - As added by P.L.347-1989(ss), SEC.1. Amended by P.L.21-1990, SEC.22. Repealed...
6-5.5-2-3. Apportioned Income of Taxpayer Not Filing Combined Return - Sec. 3. For a taxpayer that is not filing a...
6-5.5-2-4. Apportioned Income of Taxpayer Filing Combined Return for Unitary Group - Sec. 4. For a taxpayer filing a combined return for...
6-5.5-2-5. Repealed - As added by P.L.347-1989(ss), SEC.1. Amended by P.L.68-1991, SEC.6. Repealed...
6-5.5-2-5.3. Repealed - As added by P.L.21-1990, SEC.23. Repealed by P.L.6-2000, SEC.5.
6-5.5-2-6. Credit for Nonresident Taxpayer - Sec. 6. (a) A nonresident taxpayer is entitled to a...
6-5.5-2-7. Exemptions - Sec. 7. Notwithstanding any other provision of this article, there...
6-5.5-2-8. Partnerships; Grantor or Beneficiary of a Trust; Information Return; Withholding - Sec. 8. (a) If a corporation is: (1) transacting the...
Chapter 3. Business Transaction Rules
6-5.5-3-1. Transacting Business Within State - Sec. 1. For the purposes of this article, a taxpayer...
6-5.5-3-2. Maintains Office - Sec. 2. For purposes of this chapter, a taxpayer is...
6-5.5-3-3. Conducting Business - Sec. 3. An employee, representative, or independent contractor is considered...
6-5.5-3-4. Regularly Solicit Business; Presumption - Sec. 4. A person is presumed, subject to rebuttal, to...
6-5.5-3-5. Tangible Assets, Intangible Assets, and Deposits Attributable to State - Sec. 5. For purposes of this chapter, tangible assets are...
6-5.5-3-6. Tangible Property; Located in State - Sec. 6. Except as otherwise provided in section 7 of...
6-5.5-3-7. Moving Property; Located in State - Sec. 7. For purposes of this article, tangible personal property...
6-5.5-3-8. Events Not Considered Transacting Business in State - Sec. 8. Notwithstanding any other provision of this chapter, a...
Chapter 4. Rules for Attributing Receipts
6-5.5-4-1. Application of Chapter - Sec. 1. This chapter applies to all taxpayers. As added...
6-5.5-4-2. Definitions - Sec. 2. For purposes of computing receipts or the receipts...
6-5.5-4-3. Lease or Rental of Real or Tangible Personal Property - Sec. 3. Receipts from the lease or rental of real...
6-5.5-4-4. Secured Loans or Installment Sales Contracts; Interest Income and Other Receipts - Sec. 4. Interest income and other receipts from assets in...
6-5.5-4-5. Unsecured Consumer Loans; Interest Income and Other Receipts - Sec. 5. Interest income and other receipts from consumer loans...
6-5.5-4-6. Unsecured Commercial Loans or Installment Obligations; Interest Income and Other Receipts to Be Applied in State - Sec. 6. Interest income and other receipts from commercial loans...
6-5.5-4-7. Fee Income and Other Receipts From Letters of Credit, Acceptance of Drafts, and Other Guarantees of Credit; Apportionment - Sec. 7. Fee income and other receipts from letters of...
6-5.5-4-8. Credit Cards; Apportionment of Service Charges, Interest Income, and Fees - Sec. 8. Interest income, merchant discount, and other receipts including...
6-5.5-4-9. Receipts From Sale of Assets; Apportionment - Sec. 9. Receipts from the sale of an asset, tangible...
6-5.5-4-10. Receipts From Performance of Fiduciary and Other Services; Apportionment - Sec. 10. Receipts from the performance of fiduciary and other...
6-5.5-4-11. Receipts From Traveler's Checks, Money Orders, or Savings Bonds - Sec. 11. Receipts from the issuance of traveler's checks, money...
6-5.5-4-12. Receipts From Investments of Financial Institution in State Securities - Sec. 12. Receipts from investments of a financial institution in...
6-5.5-4-13. Participation Loans; Apportionment of Interest Income and Other Receipts - Sec. 13. Interest income and other receipts from a participating...
6-5.5-4-14. Repealed - As added by P.L.347-1989(ss), SEC.1. Repealed by P.L.68-1991, SEC.18.
6-5.5-4-15. Repealed - As added by P.L.347-1989(ss), SEC.1. Repealed by P.L.68-1991, SEC.18.
Chapter 5. Alternative Calculations; Combined Returns
6-5.5-5-1. Members of Unitary Business; Combined Returns; Fair Representation of Taxpayer Income Within State; Reapportionment - Sec. 1. (a) Except as provided in this section, a...
6-5.5-5-2. Members of Unitary Group; Combined Returns - Sec. 2. A combined return must include the adjusted gross...
6-5.5-5-3. Information or Records Required - Sec. 3. The department may require and the taxpayer shall...
Chapter 6. Returns
6-5.5-6-1. Annual Returns Required - Sec. 1. Annual returns with respect to the tax imposed...
6-5.5-6-2. Time for Filing Returns; Extensions - Note: This version of section effective until 1-1-2023. See also...
6-5.5-6-2-b. Time for Filing Returns; Extensions - Note: This version of section effective 1-1-2023. See also preceding...
6-5.5-6-3. Quarterly Estimated Tax; Quarterly Payment by Electronic Fund Transfer - Sec. 3. (a) Each taxpayer subject to taxation under this...
6-5.5-6-4. Payment of Tax - Sec. 4. When a taxpayer is required to file a...
6-5.5-6-5. Certified Copy of Return - Sec. 5. A taxpayer shall furnish to the department at...
6-5.5-6-6. Alteration or Modification of Return; Notice; Form; Time; Penalty - Sec. 6. (a) Each taxpayer shall notify the department in...
6-5.5-6-7. Forms; Certification of Truth of Information - Sec. 7. A return required by this chapter and other...
6-5.5-6-8. Transfer of Property; Liability for Tax - Sec. 8. In the case of a transferee of the...
6-5.5-6-9. Preservation of Records; Examination - Sec. 9. A taxpayer subject to taxation under this article...
Chapter 7. Penalties
6-5.5-7-1. Failure to Make Payment; Underpayments; Estimated Payments - Sec. 1. (a) The penalty in the amount prescribed by...
6-5.5-7-2. Violation of Article; Violation of Preparing or Filing Return - Sec. 2. A taxpayer who: (1) violates IC 6-5.5; or...
6-5.5-7-3. False Entries in Books; Multiple Books; Failure to Make Return; False Returns - Sec. 3. A taxpayer who: (1) makes false entries in...
6-5.5-7-4. Failure to Permit Examination of Books, Records, or Property; Refusal to Testify or Produce Records - Sec. 4. A person who knowingly: (1) fails to permit...
6-5.5-7-5. Concurrent Jurisdiction of Attorney General - Sec. 5. The attorney general has concurrent jurisdiction with prosecuting...
Chapter 8. Financial Institutions Tax Fund
6-5.5-8-1. Establishment; Purpose; Investment of Money in Fund; Reversion of Funds - Sec. 1. (a) The financial institutions tax fund is established...
6-5.5-8-2. Semiannual Distributions to Counties - Sec. 2. (a) On or before December 1 and June...
6-5.5-8-3. Procedure for Making Semiannual Distributions to Counties - Sec. 3. (a) Before April 15 and October 15 of...
6-5.5-8-4. Appropriation - Sec. 4. There is appropriated from the financial institutions tax...
Chapter 9. Miscellaneous
6-5.5-9-1. Rules - Sec. 1. The department shall adopt rules under IC 4-22-2...
6-5.5-9-2. Other Provisions Applicable to Ic 6-5.5 - Sec. 2. For purposes of administration and enforcement the provisions...
6-5.5-9-3. Effect of Tax Under Ic 6-5.5 Held Inapplicable or Invalid - Sec. 3. If the tax imposed by this article is...
6-5.5-9-4. Exemption From Income Taxes - Sec. 4. (a) A taxpayer who is subject to taxation...
6-5.5-9-5. Depositor or Owner of Capital Stock, Share Accounts, Certificates of Indebtedness, or Investment in Taxpayer With Principal Offices in State; Tax Liability - Sec. 5. A depositor or owner of capital stock, capital...