Use of contribution

Official textiga.in.govlast amended 2011

Sec. 12. A contribution to a scholarship granting organization shall be treated as having been made for use in a school scholarship program if:

# (1)

the contribution is made directly to a scholarship granting organization; and

# (2)

either:

# (A)

not later than the date of the contribution, the taxpayer designates in writing to the scholarship granting organization that the contribution is to be used only for a school scholarship program; or

# (B)

the scholarship granting organization provides the taxpayer with written confirmation that the contribution will be dedicated solely for use in a school scholarship program.
As added by P.L.182-2009(ss), SEC.205. Amended by P.L.92-2011, SEC.3.

Amendment history

As added by P.L.182-2009(ss), SEC.205. Amended by P.L.92-2011, SEC.3.

Source: view the official text

Nearby sections (25 sections)

6-3.1-30.5-1 · "Credit"
6-3.1-30.5-2 · "Pass through entity"
6-3.1-30.5-3 · "Scholarship granting organization"
6-3.1-30.5-4 · "School scholarship program"
6-3.1-30.5-5 · "State tax liability"
6-3.1-30.5-6 · "Taxpayer"
6-3.1-30.5-7 · Credit
6-3.1-30.5-8 · Amount of credit
6-3.1-30.5-9 · Expired
6-3.1-30.5-9.5 · Unused credit carried forward; taxable years beginning…
6-3.1-30.5-10 · Pass through entities
6-3.1-30.5-11 · Claim of credit; submission of information
6-3.1-30.5-12 · Use of contribution
6-3.1-30.5-13 · Maximum amount of credit
6-3.1-30.5-14 · Information posted by the department
6-3.1-30.5-15 · Adoption of rules
6-3.1-34-1 · "Board"
6-3.1-34-2 · "Corporation"
6-3.1-34-3 · "Floor space"
6-3.1-34-3.5 · "Mine reclamation site"
6-3.1-34-4 · "Pass through entity"
6-3.1-34-5 · "Placed in service"
6-3.1-34-6 · "Qualified redevelopment site"
6-3.1-34-7 · "Qualified investment"
6-3.1-34-8 · "Rehabilitation"

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