Indiana Code — Title 6 (Taxation)
IC 6-3.1-40-10
Assessments
Sec. 10. (a) If the department determines within five (5) years of a taxpayer's receipt of a tax credit under this chapter that the taxpayer:
# (1)
has sold, transferred, granted, or otherwise relinquished the taxpayer's ownership interest in an entity described in section 5(2) of this chapter; and
# (2)
is employed by a health system or another non-physician owned medical practice;
the department shall impose an assessment upon the taxpayer equal to the amount of tax credits provided to the taxpayer under this chapter.
(b) The department shall deposit assessments collected under this section in the state general fund.
As added by P.L.203-2023, SEC.3.
Amendment history
As added by P.L.203-2023, SEC.3.
Source: view the official text
Nearby sections (25 sections)
- 6-3.1-39.5-14 · Maximum aggregate amount of credits
- 6-3.1-39.5-15 · Expiration
- 6-3.1-40-1 · Applicability
- 6-3.1-40-2 · "Physician"
- 6-3.1-40-3 · Repealed
- 6-3.1-40-4 · "State income tax liability"
- 6-3.1-40-5 · "Taxpayer"
- 6-3.1-40-6 · Credit; eligibility; amount
- 6-3.1-40-7 · Allowable years of credit
- 6-3.1-40-8 · Credit carryover; carryback or refund of unused credit;
- 6-3.1-40-9 · Repealed
- 6-3.1-40-9.5 · Claiming credit on tax return; certified list of…
- 6-3.1-40-10 · Assessments
- 6-3.1-40-11 · Maximum amount of credits allowed; exception
- 6-3.1-40-12 · Department website; information required to be provided to
- 6-3.1-40.9-1 · "Affordable housing organization"
- 6-3.1-40.9-2 · "Corporation"
- 6-3.1-40.9-3 · "Credit"
- 6-3.1-40.9-4 · "Pass through entity"
- 6-3.1-40.9-5 · "State tax liability"
- 6-3.1-40.9-6 · "Taxpayer"
- 6-3.1-40.9-7 · Entitlement to credit
- 6-3.1-40.9-8 · Amount of credit
- 6-3.1-40.9-9 · Carry forward of credit
- 6-3.1-40.9-10 · Shareholder, partner, or member entitled to credit