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Indiana Code — Title 6 (Taxation)

IC 6-3.1-18-9

Documentation for credit; form; contents; notification of credit

Official textiga.in.govlast amended

allowable
Sec. 9.

# (a)

The community development corporation or community based organization, on behalf of a business firm or person that desires to claim a tax credit as provided in this chapter, shall file with the authority, in the form approved by the authority, documentation stating the amount of the qualified contribution that would qualify for a tax credit, and the amount allocated to the business firm or person to be claimed as a credit.

# (b)

The department shall promptly notify a business firm or person whether, or the extent to which, the tax credit is allowable in the state fiscal year in which the tax return claiming the credit is filed, as provided in section 6 of this chapter.

# (c)

The department shall consider documentation from the authority as proof of payment, setting forth that the amount to be claimed as a credit under this chapter has been paid to a community development corporation or a community based organization as a qualified contribution to the fund of the community development corporation or the community based organization fund for the current state fiscal year, or permanently set aside in a special account to be used solely for this fund.
As added by P.L.15-1997, SEC.2. Amended by P.L.50-2016, SEC.12; P.L.124-2024, SEC.26.

Amendment history

As added by P.L.15-1997, SEC.2. Amended by P.L.50-2016, SEC.12; P.L.124-2024, SEC.26.

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Nearby sections (25 sections)
  1. 6-3.1-18-0.5 · "Business firm"
  2. 6-3.1-18-0.7 · "Community based organization"
  3. 6-3.1-18-1 · "Community development corporation"
  4. 6-3.1-18-2 · "Fund"
  5. 6-3.1-18-3 · "Individual development account"
  6. 6-3.1-18-4 · "Pass through entity"
  7. 6-3.1-18-4.3 · "Person"
  8. 6-3.1-18-4.5 · "Qualified contribution"
  9. 6-3.1-18-5 · "State tax liability"
  10. 6-3.1-18-6 · Credit; amount; calculation; application
  11. 6-3.1-18-7 · Application of tax credit to pass through entities;…
  12. 6-3.1-18-8 · Credit supplement; other credits
  13. 6-3.1-18-9 · Documentation for credit; form; contents; notification of…
  14. 6-3.1-18-10 · Amount of tax credits allowed
  15. 6-3.1-18-11 · Tax credit available only in year paid
  16. 6-3.1-19-1 · "State and local tax liability"
  17. 6-3.1-19-1.5 · "Pass through entity"
  18. 6-3.1-19-2 · "Qualified investment"
  19. 6-3.1-19-2.5 · "Taxpayer"
  20. 6-3.1-19-3 · Entitlement to credit; amount; assignment
  21. 6-3.1-19-4 · Credit carryover; carryback or refund unavailable
  22. 6-3.1-19-5 · Ineligibility for credit to extent of reduction or…
  23. 6-3.1-19-5.5 · Repealed
  24. 6-3.1-19-6 · Method of claiming credit; submission of information
  25. 6-3.1-19-7 · Credit subject to annual aggregate credit limit
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