Indiana Code — Title 6 (Taxation)
IC 6-3.1-30.5-7
Credit
Sec. 7.
# (a)
A taxpayer that makes a contribution to a scholarship granting organization for use by the scholarship granting organization in a school scholarship program is entitled to a credit against the taxpayer's state tax liability in the taxable year in which the taxpayer makes the contribution.
# (b)
A taxpayer is not entitled to a credit under this chapter for a contribution to a scholarship granting organization that is used to provide a scholarship or other assistance to a child participating in the early education grant pilot program under IC 12-17.2-7.2.
As added by P.L.182-2009(ss), SEC.205. Amended by P.L.202-2014, SEC.1.
Amendment history
As added by P.L.182-2009(ss), SEC.205. Amended by P.L.202-2014, SEC.1.
Source: view the official text
Nearby sections (25 sections)
- 6-3.1-30-13 · Determination of expenses resulting from relocation
- 6-3.1-30-14 · Application; requirement to enter into an agreement with…
- 6-3.1-30-15 · Provisions required in an agreement
- 6-3.1-30-16 · Noncompliance with agreement; assessments
- 6-3.1-30-17 · Credit subject to annual aggregate credit limit
- 6-3.1-30.5-0.5 · Severability
- 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"