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Indiana Code — Title 6 (Taxation)

IC 6-3.1-24-8.5

Maximum allowable credit; qualified investment fund; notice

Official textiga.in.govlast amended

to investors
Sec. 8.5. (a) A certification provided under section 7.5 of this chapter must include notice to investors of the maximum amount of tax credits available under this chapter for the provision of qualified investment capital to the qualified Indiana investment fund.

(b) The maximum amount of tax credits available under this chapter for the provision of qualified investment capital to a qualified Indiana investment fund equals the lesser of the following:

# (1)

The total amount of qualified investment capital provided to the qualified Indiana investment fund in the calendar year, multiplied by twenty percent (20%).

# (2)

Five million dollars ($5,000,000).
As added by P.L.165-2021, SEC.82.

Amendment history

As added by P.L.165-2021, SEC.82.

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Nearby sections (25 sections)
  1. 6-3.1-22-16 · Adoption of rules
  2. 6-3.1-24-1 · "Pass through entity" defined
  3. 6-3.1-24-2 · "Qualified Indiana business" defined
  4. 6-3.1-24-2.5 · "Qualified Indiana investment fund"
  5. 6-3.1-24-3 · "Qualified investment capital" defined
  6. 6-3.1-24-4 · "State tax liability" defined
  7. 6-3.1-24-4.5 · "Substantial presence"
  8. 6-3.1-24-5 · "Taxpayer" defined
  9. 6-3.1-24-6 · Credit; eligibility
  10. 6-3.1-24-7 · Certification of qualified Indiana business; forms; fee
  11. 6-3.1-24-7.5 · Certification of qualified Indiana investment fund; forms
  12. 6-3.1-24-8 · Maximum allowable credit; notice to investors
  13. 6-3.1-24-8.5 · Maximum allowable credit; qualified investment fund;…
  14. 6-3.1-24-9 · Repealed
  15. 6-3.1-24-10 · Repealed
  16. 6-3.1-24-11 · Pass through entity; eligibility of owners, shareholders,…
  17. 6-3.1-24-12 · Carryover of unused tax credit; assignment of all or part…
  18. 6-3.1-24-12.5 · Certification of investment plan; application; proof of
  19. 6-3.1-24-13 · Returns; submission of certificates from Indiana economic
  20. 6-3.1-24-14 · Tax credit not considered a security; issuance or…
  21. 6-3.1-24-15 · Maximum annual statewide allowance for credits
  22. 6-3.1-26-0.3 · Legalization of actions taken by Indiana economic
  23. 6-3.1-26-1 · Repealed
  24. 6-3.1-26-2 · Repealed
  25. 6-3.1-26-2.5 · "Corporation"
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