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Indiana Code — Title 6 (Taxation)

IC 6-3.1-17.1-11

Credit assignment

Official textiga.in.govlast amended

Sec. 11.

# (a)

A qualified taxpayer may assign any part of the credit that the qualified taxpayer may claim under this chapter. A credit that is assigned under this section remains subject to this chapter. If a qualified taxpayer assigns a part of a credit during a taxable year, the assignee may not subsequently assign all or part of the credit to another qualified taxpayer. A qualified taxpayer may make only one (1) assignment of a credit.

# (b)

An assignment of a credit must be in writing, and both the qualified taxpayer and assignee shall report the assignment on the qualified taxpayer's and the assignee's state tax returns for the year in which the assignment is made, in the manner prescribed by the department. A qualified taxpayer may not receive value in connection with an assignment under this section that exceeds the value of the part of the credit assigned.
As added by P.L.236-2023, SEC.67.

Amendment history

As added by P.L.236-2023, SEC.67.

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Nearby sections (25 sections)
  1. 6-3.1-13-29 · Credit subject to annual aggregate credit limit
  2. 6-3.1-16.1-1 · Authorization to claim credit
  3. 6-3.1-17.1-1 · Applicability of chapter
  4. 6-3.1-17.1-2 · "Pass through entity"
  5. 6-3.1-17.1-3 · "Qualified historic structure"
  6. 6-3.1-17.1-4 · "Qualified rehabilitation expenditure"
  7. 6-3.1-17.1-5 · "Qualified taxpayer"
  8. 6-3.1-17.1-6 · "State tax liability"
  9. 6-3.1-17.1-7 · Amount of credit; computation
  10. 6-3.1-17.1-8 · Pass through entity; shareholder; partner; or member
  11. 6-3.1-17.1-9 · Claiming of credit on annual state tax return
  12. 6-3.1-17.1-10 · Carryover of unused credit amount
  13. 6-3.1-17.1-11 · Credit assignment
  14. 6-3.1-17.1-12 · Annual aggregate credit limit
  15. 6-3.1-17.1-13 · Credit included in calculation of aggregate tax credits…
  16. 6-3.1-17.1-14 · Adoption of rules
  17. 6-3.1-17.1-15 · Expiration of chapter
  18. 6-3.1-18-0.3 · "Authority"
  19. 6-3.1-18-0.5 · "Business firm"
  20. 6-3.1-18-0.7 · "Community based organization"
  21. 6-3.1-18-1 · "Community development corporation"
  22. 6-3.1-18-2 · "Fund"
  23. 6-3.1-18-3 · "Individual development account"
  24. 6-3.1-18-4 · "Pass through entity"
  25. 6-3.1-18-4.3 · "Person"
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