Indiana Code — Title 6 (Taxation)
IC 6-3.6-8-2
Tax liability; determination when tax is not in effect during
entire taxable year
Sec. 2. If the tax is not in effect during a local taxpayer's entire taxable year, the amount of tax that the local taxpayer owes for that taxable year equals the product of:
# (1)
the amount of tax the local taxpayer would owe if the tax had been imposed during the local taxpayer's entire taxable year; multiplied by
# (2)
a fraction equal to:
# (A)
the number of days in the local taxpayer's taxable year during which the tax was in effect; divided by
# (B)
the total number of days in the local taxpayer's taxable year.
However, if the taxpayer files state income tax returns on a calendar year basis, the fraction to be applied under this section is one-half (1/2).
As added by P.L.243-2015, SEC.10.
Amendment history
As added by P.L.243-2015, SEC.10.
Source: view the official text
Nearby sections (25 sections)
- 6-3.6-7-19.5 · Additional rate for Rush County jail and related…
- 6-3.6-7-20 · Scott County; additional rate for jail facilities
- 6-3.6-7-21 · Starke County; additional rate for county jail; uses
- 6-3.6-7-21.5 · Additional rate for Tipton County jail and related…
- 6-3.6-7-22 · Union County; additional rate for county courthouse, county
- 6-3.6-7-23 · Wayne County; additional rate for county jail; uses;…
- 6-3.6-7-24 · Additional rate in a county that is a member of a regional
- 6-3.6-7-25 · Additional rate for jail facilities in a county subject to…
- 6-3.6-7-26 · Additional rate for courthouse in a county that is subject…
- 6-3.6-7-27 · Delaware County; Hamilton County; Hancock County;
- 6-3.6-7-28 · Grant County; additional rate for county jail; balance…
- 6-3.6-8-1 · Determination of tax rates; different tax rates in a…
- 6-3.6-8-2 · Tax liability; determination when tax is not in effect…
- 6-3.6-8-3 · County residency and place of business or employment;
- 6-3.6-8-4 · Reciprocity agreements for exemption from tax; local
- 6-3.6-8-5 · Adjusted gross income tax provisions; applicability;…
- 6-3.6-8-6 · Credit; taxes imposed by a governmental entity outside
- 6-3.6-8-7 · Perry County; adjusted gross income earned in an adjacent
- 6-3.6-8-8 · Repealed
- 6-3.6-9-1 · Budget agency accounting for each county; undistributed
- 6-3.6-9-1.1 · "State and local income tax holding account"
- 6-3.6-9-2 · Repealed
- 6-3.6-9-3 · Repealed
- 6-3.6-9-4 · Distribution of revenue to a county; amount
- 6-3.6-9-4.1 · Adjustments