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Indiana Code — Title 6 (Taxation)

IC 6-3.1-24-6

Credit; eligibility

Official textiga.in.govlast amended

Sec. 6. A taxpayer that:

# (1)

provides qualified investment capital to a qualified Indiana business or a qualified
Indiana investment fund; and

# (2)

fulfills the requirements of the Indiana economic development corporation under section 12.5 of this chapter;
is entitled to a credit against the taxpayer's state tax liability in a taxable year equal to the amount specified in section 8 or 8.5 of this chapter, whichever is applicable.
As added by P.L.192-2002(ss), SEC.119. Amended by P.L.214-2003, SEC.2; P.L.4-2005,
SEC.97; P.L.165-2021, SEC.79.

Amendment history

As added by P.L.192-2002(ss), SEC.119. Amended by P.L.214-2003, SEC.2; P.L.4-2005, SEC.97; P.L.165-2021, SEC.79.

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Nearby sections (25 sections)
  1. 6-3.1-22-13 · Recaptured credit
  2. 6-3.1-22-14 · Credit exceeding tax liability
  3. 6-3.1-22-15 · Maximum credit; restrictions
  4. 6-3.1-22-15.5 · Residential historic rehabilitation credit; eligibility
  5. 6-3.1-22-16 · Adoption of rules
  6. 6-3.1-24-1 · "Pass through entity" defined
  7. 6-3.1-24-2 · "Qualified Indiana business" defined
  8. 6-3.1-24-2.5 · "Qualified Indiana investment fund"
  9. 6-3.1-24-3 · "Qualified investment capital" defined
  10. 6-3.1-24-4 · "State tax liability" defined
  11. 6-3.1-24-4.5 · "Substantial presence"
  12. 6-3.1-24-5 · "Taxpayer" defined
  13. 6-3.1-24-6 · Credit; eligibility
  14. 6-3.1-24-7 · Certification of qualified Indiana business; forms; fee
  15. 6-3.1-24-7.5 · Certification of qualified Indiana investment fund; forms
  16. 6-3.1-24-8 · Maximum allowable credit; notice to investors
  17. 6-3.1-24-8.5 · Maximum allowable credit; qualified investment fund;…
  18. 6-3.1-24-9 · Repealed
  19. 6-3.1-24-10 · Repealed
  20. 6-3.1-24-11 · Pass through entity; eligibility of owners, shareholders,…
  21. 6-3.1-24-12 · Carryover of unused tax credit; assignment of all or part…
  22. 6-3.1-24-12.5 · Certification of investment plan; application; proof of
  23. 6-3.1-24-13 · Returns; submission of certificates from Indiana economic
  24. 6-3.1-24-14 · Tax credit not considered a security; issuance or…
  25. 6-3.1-24-15 · Maximum annual statewide allowance for credits
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