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Indiana Code — Title 6 (Taxation)

IC 6-3.1-40.9-1

"Affordable housing organization"

Official textiga.in.govlast amended

Sec. 1. As used in this chapter, "affordable housing organization" refers to an organization that:

# (1)

is exempt from federal income taxation under Section 501(c)(3) of the Internal
Revenue Code; and

# (2)

uses volunteers to build, renovate, and develop homeownership units for individuals whose income is at least thirty percent (30%) and not more than eighty percent (80%) of the area median income.
As added by P.L.201-2023, SEC.104.

Amendment history

As added by P.L.201-2023, SEC.104.

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Nearby sections (25 sections)
  1. 6-3.1-40-2 · "Physician"
  2. 6-3.1-40-3 · Repealed
  3. 6-3.1-40-4 · "State income tax liability"
  4. 6-3.1-40-5 · "Taxpayer"
  5. 6-3.1-40-6 · Credit; eligibility; amount
  6. 6-3.1-40-7 · Allowable years of credit
  7. 6-3.1-40-8 · Credit carryover; carryback or refund of unused credit;
  8. 6-3.1-40-9 · Repealed
  9. 6-3.1-40-9.5 · Claiming credit on tax return; certified list of…
  10. 6-3.1-40-10 · Assessments
  11. 6-3.1-40-11 · Maximum amount of credits allowed; exception
  12. 6-3.1-40-12 · Department website; information required to be provided to
  13. 6-3.1-40.9-1 · "Affordable housing organization"
  14. 6-3.1-40.9-2 · "Corporation"
  15. 6-3.1-40.9-3 · "Credit"
  16. 6-3.1-40.9-4 · "Pass through entity"
  17. 6-3.1-40.9-5 · "State tax liability"
  18. 6-3.1-40.9-6 · "Taxpayer"
  19. 6-3.1-40.9-7 · Entitlement to credit
  20. 6-3.1-40.9-8 · Amount of credit
  21. 6-3.1-40.9-9 · Carry forward of credit
  22. 6-3.1-40.9-10 · Shareholder, partner, or member entitled to credit
  23. 6-3.1-40.9-11 · Application for approval as an affordable housing…
  24. 6-3.1-40.9-12 · Claiming the credit
  25. 6-3.1-40.9-13 · Maximum amount of credits
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