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Indiana Code — Title 6 (Taxation)

IC 6-3.1-35-6

Credit assignment

Official textiga.in.govlast amended

Sec. 6. (a) A holder of a state tax credit may transfer, sell, or assign all or part of a state tax credit for a taxable year in the state tax credit period of the associated qualified project if the holder of the state tax credit complies with this section.

(b) A holder shall furnish the following to the transferee, purchaser, or assignee:

# (1)

A copy of the eligibility statement for the qualified project.

# (2)

A declaration, on a form prescribed by the department, that states:

# (A)

the percentage of the state tax credit for the taxable year that was held by the transferor before the transfer;

# (B)

the percentage of the state tax credit for the taxable year that will be held by the transferor after the transfer;

# (C)

the percentage of the state tax credit for the taxable year that will be held by the transferee after the transfer; and

# (D)

any other information required by the department.
The percentage specified in clause (A) must equal the sum of the percentages specified in clauses (B) and (C).

# (3)

Copies of other documents in the possession of the transferor that relate to the transferor's right to claim the state tax credit provided by this chapter, if any.

(c) A transferor of all or part of a state tax credit for a taxable year under this section shall report the transaction to the department in the manner prescribed by the department.
As added by P.L.137-2022, SEC.52.

Amendment history

As added by P.L.137-2022, SEC.52.

Source: view the official text

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Nearby sections (25 sections)
  1. 6-3.1-34.6-8 · Credit claims; credit amounts; claims for vehicles…
  2. 6-3.1-34.6-9 · Maximum credit amount for vehicles placed into service in
  3. 6-3.1-34.6-10 · Maximum annual credit; maximum overall credit
  4. 6-3.1-34.6-11 · Claiming credit; pass through entity
  5. 6-3.1-34.6-12 · Procedure to claim credit
  6. 6-3.1-34.6-13 · Credit carryover; no carryback or refund
  7. 6-3.1-34.6-14 · Credit sale, assignment, or transfer prohibited
  8. 6-3.1-35-1 · Applicability; applications
  9. 6-3.1-35-2 · Definitions
  10. 6-3.1-35-3 · Amount of credit; computation
  11. 6-3.1-35-4 · Credit carryover
  12. 6-3.1-35-5 · Allocation of the credit by pass through entities that do…
  13. 6-3.1-35-6 · Credit assignment
  14. 6-3.1-35-7 · Requirements to be awarded a credit; maximum amount of
  15. 6-3.1-35-8 · Annual aggregate credit limit
  16. 6-3.1-35-9 · Procedures to claim a credit
  17. 6-3.1-35-10 · Rules
  18. 6-3.1-35-11 · Evaluation of the effectiveness of the credit
  19. 6-3.1-35-12 · Expiration of chapter
  20. 6-3.1-35.8-1 · Definitions
  21. 6-3.1-35.8-2 · Eligible persons
  22. 6-3.1-35.8-3 · Amount of credit; pass through entities
  23. 6-3.1-35.8-4 · Application process; proof of payment; approval of a…
  24. 6-3.1-35.8-5 · Annual aggregate credit limit
  25. 6-3.1-35.8-6 · Unused credits
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