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Indiana Code — Title 6 (Taxation)

IC 6-3.1-39.5-5

"Recapture event"

Official textiga.in.govlast amended

Sec. 5. As used in this chapter, "recapture event" means:

# (1)

the cessation of the operation of the Indiana qualified child care facility as an
Indiana qualified child care facility;

# (2)

subject to section 12(c) of this chapter, a change in ownership of an Indiana qualified child care facility for which a credit was allowed under this chapter, unless the person acquiring an interest agrees to assume the recapture liability of the person disposing of an interest; or

# (3)

the use of an Indiana qualified child care facility for the enrollment of a child from any individual who is not an employee of the taxpayer.
The term does not include a cessation of operation or change in ownership due to accident or casualty.
As added by P.L.201-2023, SEC.103.

Amendment history

As added by P.L.201-2023, SEC.103.

Source: view the official text

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Nearby sections (25 sections)
  1. 6-3.1-38.3-4 · Eligibility requirements
  2. 6-3.1-38.3-5 · Computation of credit amount; certain taxpayers
  3. 6-3.1-38.3-6 · Computation of credit amount; certain taxpayers
  4. 6-3.1-38.3-7 · Pass through entity; shareholder, partner, or member
  5. 6-3.1-38.3-8 · Claiming of credit on state tax return
  6. 6-3.1-38.3-9 · Credit carryover
  7. 6-3.1-38.3-10 · Report
  8. 6-3.1-38.3-11 · Expiration of chapter
  9. 6-3.1-39.5-1 · "Indiana qualified child care facility"
  10. 6-3.1-39.5-2 · "Pass through entity"
  11. 6-3.1-39.5-3 · "Qualified child care expenditure"
  12. 6-3.1-39.5-4 · "Qualified expenditure"
  13. 6-3.1-39.5-5 · "Recapture event"
  14. 6-3.1-39.5-6 · "State tax liability"
  15. 6-3.1-39.5-7 · "Taxpayer"
  16. 6-3.1-39.5-8 · Entitlement to credit; amount of credit
  17. 6-3.1-39.5-9 · Shareholder, partner, beneficiary, or member entitled to…
  18. 6-3.1-39.5-10 · Carry forward of credit
  19. 6-3.1-39.5-11 · Claiming a credit
  20. 6-3.1-39.5-12 · Payment of recapture amount; change of ownership
  21. 6-3.1-39.5-13 · Liability
  22. 6-3.1-39.5-14 · Maximum aggregate amount of credits
  23. 6-3.1-39.5-15 · Expiration
  24. 6-3.1-40-1 · Applicability
  25. 6-3.1-40-2 · "Physician"
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