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Indiana Code — Title 6 (Taxation)

IC 6-3.1-38.1-13

Assignment of tax credit

Official textiga.in.govlast amended

Sec. 13.

# (a)

A taxpayer may assign any part of the credit that the taxpayer may claim under this chapter. A credit that is assigned under this section remains subject to this chapter.
If a taxpayer assigns a part of a credit during a taxable year, the assignee may not subsequently assign all or part of the credit to another taxpayer. A taxpayer may make only one (1) assignment of a credit.

# (b)

An assignment of a credit must be in writing, and both the taxpayer and assignee shall report the assignment on the taxpayer's and assignee's state tax returns for the year in which the assignment is made, in the manner prescribed by the department. A taxpayer may not receive value in connection with an assignment under this section that exceeds the value of the part of the credit assigned.

# (c)

If the transferor is a tax exempt entity, the transfer must be completed on or before the date that is one (1) year after the close of the tax year for which the credit was certified. As used in this subsection, "tax exempt entity" means a government agency or an organization that is recognized as exempt under section 501(c)(3) of the Internal Revenue Code.
As added by P.L.173-2025, SEC.2.

Amendment history

As added by P.L.173-2025, SEC.2.

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Nearby sections (25 sections)
  1. 6-3.1-38.1-1 · "Pass through entity"
  2. 6-3.1-38.1-2 · "Qualified applicant"
  3. 6-3.1-38.1-3 · "Qualified new rail infrastructure expenditures"
  4. 6-3.1-38.1-4 · "Qualified railroad expenditures"
  5. 6-3.1-38.1-5 · "Qualified rural county"
  6. 6-3.1-38.1-6 · "State tax liability"
  7. 6-3.1-38.1-7 · "Taxpayer"
  8. 6-3.1-38.1-8 · Applying for tax credit; eligibility
  9. 6-3.1-38.1-9 · Amount of tax credit
  10. 6-3.1-38.1-10 · Amount of tax credit; pass through entities
  11. 6-3.1-38.1-11 · Claiming tax credit
  12. 6-3.1-38.1-12 · Carry over of excess tax credit
  13. 6-3.1-38.1-13 · Assignment of tax credit
  14. 6-3.1-38.1-14 · Aggregate amount of tax credits permitted
  15. 6-3.1-38.1-15 · Expiration
  16. 6-3.1-38.3-1 · "Pass through entity"
  17. 6-3.1-38.3-2 · "State tax liability"
  18. 6-3.1-38.3-3 · Credit
  19. 6-3.1-38.3-4 · Eligibility requirements
  20. 6-3.1-38.3-5 · Computation of credit amount; certain taxpayers
  21. 6-3.1-38.3-6 · Computation of credit amount; certain taxpayers
  22. 6-3.1-38.3-7 · Pass through entity; shareholder, partner, or member
  23. 6-3.1-38.3-8 · Claiming of credit on state tax return
  24. 6-3.1-38.3-9 · Credit carryover
  25. 6-3.1-38.3-10 · Report
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