Indiana Code — Title 6 (Taxation)
IC 6-3-5-3
Indiana residents working in Illinois
Sec. 3. The department of state revenue, with the approval of the governor and the budget agency after the review of the state budget committee, may enter into an agreement with the state of Illinois that establishes a methodology for determining individual income taxes paid by residents of each state to the other state and an obligation, in exchange for a like obligation on the part of Illinois, to make a payment to Illinois. The payment obligation by Indiana may not be greater than the difference between the amount of Indiana individual adjusted gross income taxes for the previous taxable year that would be collected from:
# (1)
Indiana residents working in Illinois if there were a reciprocity agreement between Indiana and Illinois; and
# (2)
Indiana residents working in Illinois and from Illinois residents working in Indiana without a reciprocity agreement between Indiana and Illinois. The amount needed to make the payment is appropriated from the state general fund.
As added by P.L.7-1999, SEC.1.
Amendment history
As added by P.L.7-1999, SEC.1.
Source: view the official text
Nearby sections (25 sections)
- 6-3-4.5-11 · Procedures; alternative reporting and payment method;
- 6-3-4.5-12 · Irrevocable election; no deduction or credit; other state…
- 6-3-4.5-13 · Designation of a state partnership representative;
- 6-3-4.5-14 · Changes to a report of final partnership adjustments;…
- 6-3-4.5-15 · Reports; proposed assessment; timing; protest; appeal
- 6-3-4.5-16 · Incorrect reporting of tax attributes; proposed assessment;
- 6-3-4.5-17 · Inconsistent reporting of tax attribute; disclosure;…
- 6-3-4.5-18 · Reporting requirements; liability for tax; proposed…
- 6-3-4.5-19 · Remitting payment on behalf of a partner; claim for refund
- 6-3-4.5-20 · Partnership with more than 10,000 direct owners; extension…
- 6-3-5-1 · Nonresidents; Indiana income
- 6-3-5-2 · Repealed
- 6-3-5-3 · Indiana residents working in Illinois
- 6-3-5-4 · Mutual economic development agreements with bordering
- 6-3-5-5 · Election to receive payment in lieu of economic development
- 6-3-6-1 · Repealed
- 6-3-6-2 · Repealed
- 6-3-6-3 · Repealed
- 6-3-6-4 · Repealed
- 6-3-6-5 · Repealed
- 6-3-6-6 · Repealed
- 6-3-6-7 · Repealed
- 6-3-6-8 · Repealed
- 6-3-6-9 · Repealed
- 6-3-6-10 · Taxpayers' record keeping requirements; false entries;…