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Indiana Code — Title 6 (Taxation)

IC 6-3.1-30.5-13

Maximum amount of credit

Official textiga.in.govlast amended

Sec. 13. (a) The total amount of tax credits awarded under this chapter may not exceed nine million five hundred thousand dollars ($9,500,000) in the state fiscal year beginning July 1, 2016, and ending June 30, 2017.

(b) The total amount of tax credits awarded under this chapter in a state fiscal year may not exceed the following:

# (1)

Twelve million five hundred thousand dollars ($12,500,000) for the state fiscal year beginning July 1, 2017, and ending June 30, 2018.

# (2)

Fourteen million dollars ($14,000,000) for the state fiscal year beginning July 1, 2018, and ending June 30, 2019.

# (3)

Fifteen million dollars ($15,000,000) for the state fiscal year beginning July 1, 2019, and ending June 30, 2020.

# (4)

Sixteen million five hundred thousand dollars ($16,500,000) for the state fiscal year beginning July 1, 2020, and ending June 30, 2021.

# (5)

Seventeen million five hundred thousand dollars ($17,500,000) for the state fiscal year beginning July 1, 2021, and ending June 30, 2022.

# (6)

Eighteen million five hundred thousand dollars ($18,500,000) for the state fiscal year beginning July 1, 2022, and ending June 30, 2023, and for each state fiscal year thereafter.
As added by P.L.182-2009(ss), SEC.205. Amended by P.L.92-2011, SEC.4; P.L.205-2013, SEC.84; P.L.213-2015, SEC.86; P.L.217-2017, SEC.66; P.L.108-2019, SEC.123;
P.L.165-2021, SEC.90; P.L.201-2023, SEC.101.

Amendment history

As added by P.L.182-2009(ss), SEC.205. Amended by P.L.92-2011, SEC.4; P.L.205-2013, SEC.84; P.L.213-2015, SEC.86; P.L.217-2017, SEC.66; P.L.108-2019, SEC.123; P.L.165-2021, SEC.90; P.L.201-2023, SEC.101.

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Nearby sections (25 sections)
  1. 6-3.1-30.5-2 · "Pass through entity"
  2. 6-3.1-30.5-3 · "Scholarship granting organization"
  3. 6-3.1-30.5-4 · "School scholarship program"
  4. 6-3.1-30.5-5 · "State tax liability"
  5. 6-3.1-30.5-6 · "Taxpayer"
  6. 6-3.1-30.5-7 · Credit
  7. 6-3.1-30.5-8 · Amount of credit
  8. 6-3.1-30.5-9 · Expired
  9. 6-3.1-30.5-9.5 · Unused credit carried forward; taxable years beginning…
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  11. 6-3.1-30.5-11 · Claim of credit; submission of information
  12. 6-3.1-30.5-12 · Use of contribution
  13. 6-3.1-30.5-13 · Maximum amount of credit
  14. 6-3.1-30.5-14 · Information posted by the department
  15. 6-3.1-30.5-15 · Adoption of rules
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