Title 6, TITLE 6. TAXATION
297 chapters · 4,481 sections in this title.
Ind. Code § 6-3.1-13-0.4 Legalization of actions taken by Indiana economic
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development corporation in administration of chapter after February 8, 2005, and before May 11, 2005 Sec. 0.4. The actions taken by the Indiana economic development corporation to administer this chapter, as amended by P.L.4-2005, after February 8, 2005, and before May 11, 2005, …
Ind. Code § 6-3.1-13-1 Repealed
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As added by P.L.41-1994, SEC.1. Repealed by P.L.4-2005, SEC.148.
Ind. Code § 6-3.1-13-1.5 "Corporation"
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Sec. 1.5. As used in this chapter, "corporation" means the Indiana economic development corporation established by IC 5-28-3-1. As added by P.L.4-2005, SEC.66.
Ind. Code § 6-3.1-13-10 "Taxpayer"
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Sec. 10. As used in this chapter, "taxpayer" means a person, corporation, partnership, or other entity that has any state tax liability or that submits incremental income tax withholdings under IC 6-3-4-8. As added by P.L.41-1994, SEC.1. Amended by P.L.113-2010, SEC.58.
Ind. Code § 6-3.1-13-11 Credit against state tax liability
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Sec. 11. Subject to the conditions set forth in this chapter, a taxpayer is entitled to a credit against any state tax liability that may be imposed on the taxpayer for a taxable year after December 31, 1993, if the taxpayer is awarded a credit by the board under this chapter for…
Ind. Code § 6-3.1-13-12 Repealed
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As added by P.L.41-1994, SEC.1. Amended by P.L.224-2003, SEC.192. Repealed by P.L.4-2005, SEC.148.
Ind. Code § 6-3.1-13-13 Purposes for which credit may be awarded; years for which
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credit claimed Sec. 13. (a) The corporation may make credit awards under this chapter for any of the following: (1) To foster job creation in Indiana. (2) To foster job retention in Indiana. (b) The credit shall be claimed for the taxable years specified in the taxpayer's tax cre…
Ind. Code § 6-3.1-13-14 Application to enter into agreement for tax credit
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Sec. 14. (a) A person that proposes a project to create new jobs in Indiana may apply, as provided in section 15 of this chapter, to the corporation to enter into an agreement for a tax credit under this chapter. (b) A person that proposes to retain existing jobs in Indiana may a…
Ind. Code § 6-3.1-13-15 Agreement for tax credit with respect to new job creation;
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conditions Sec. 15. This section applies to an application proposing a project to create new jobs in Indiana. After receipt of an application, the corporation may enter into an agreement with the applicant for a credit under this chapter if the corporation determines that all of …
Ind. Code § 6-3.1-13-15.5 Agreement for tax credit with respect to job retention;
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conditions Sec. 15.5. This section applies to an application proposing to retain existing jobs in Indiana. After receipt of an application, the corporation may enter into an agreement with the applicant for a credit under this chapter if the corporation determines that all the fo…
Ind. Code § 6-3.1-13-15.7 Repealed
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As added by P.L.167-2014, SEC.7. Repealed by P.L.74-2020, SEC.11.
Ind. Code § 6-3.1-13-16 Relocation of jobs from one site to another within state; credit
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prohibited Sec. 16. A person is not entitled to claim the credit provided by this chapter for any jobs that the person relocates from one (1) site in Indiana to another site in Indiana. Determinations under this section shall be made by the corporation. As added by P.L.41-1994, S…
Ind. Code § 6-3.1-13-17 Amount of credit awarded; factors; conditions for a project
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without a physical location in Indiana Sec. 17. (a) If the applicant proposes a project that will be located at a physical location in Indiana, in determining the credit amount that should be awarded to an applicant under section 15 of this chapter that proposes a project to crea…
Ind. Code § 6-3.1-13-18 Duration of credit; maximum credit with respect to job
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creation; prohibit computation of credit Sec. 18. (a) The corporation shall determine the amount and duration of a tax credit awarded under this chapter. The duration of the credit may not exceed twenty (20) taxable years. The credit may be stated as a percentage of the increment…
Ind. Code § 6-3.1-13-19 Agreement for tax credit with respect to job creation;
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requirements Sec. 19. In the case of a credit awarded for a project to create new jobs in Indiana, the corporation shall enter into an agreement with an applicant that is awarded a credit under this chapter. The agreement must include all of the following: (1) A detailed descript…
Ind. Code § 6-3.1-13-19.5 Agreement for tax credit with respect to job retention;
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requirements Sec. 19.5. (a) In the case of a credit awarded for a project to retain existing jobs in Indiana, the corporation shall enter into an agreement with an applicant that is awarded a credit under this chapter. The agreement must include all of the following: (1) A detail…
Ind. Code § 6-3.1-13-19.7 Repealed
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As added by P.L.167-2014, SEC.8. Amended by P.L.145-2016, SEC.27. Repealed by P.L.74-2020, SEC.12.
Ind. Code § 6-3.1-13-2 "Credit amount"
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Sec. 2. As used in this chapter, "credit amount" means the amount agreed to between the corporation and applicant under this chapter, but not to exceed, in the case of a credit awarded for a project to create new jobs in Indiana, the incremental income tax withholdings attributab…
Ind. Code § 6-3.1-13-20 Claiming credit; election to receive payment in lieu of credit;
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submission of required information to department of state revenue Sec. 20. (a) Except as provided in subsection (b), a taxpayer claiming a credit under this chapter must claim the credit on the taxpayer's annual state tax return or returns in the manner prescribed by the departme…
Ind. Code § 6-3.1-13-21 Pass through entity; calculation of tax credit; shareholder or
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partner claiming credit; refundable credits Sec. 21. (a) If a pass through entity does not have state income tax liability against which the tax credit may be applied, a shareholder or partner of the pass through entity is entitled to a tax credit equal to: (1) the tax credit det…
Ind. Code § 6-3.1-13-22 Noncompliance with agreement; assessments
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Sec. 22. If the corporation determines that a taxpayer who has claimed a credit under this chapter is not entitled to the credit because of the taxpayer's noncompliance with the requirements of the tax credit agreement or all of the provisions of this chapter, the corporation sha…
Ind. Code § 6-3.1-13-23 Repealed
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As added by P.L.41-1994, SEC.1. Amended by P.L.28-2004, SEC.65; P.L.4-2005, SEC.81. Repealed by P.L.222-2007, SEC.2.
Ind. Code § 6-3.1-13-24 Biennial evaluation by Indiana economic development
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corporation Sec. 24. On a biennial basis, the corporation shall provide for an evaluation of the tax credit program. The evaluation shall include an assessment of the effectiveness of the program in creating new jobs and retaining existing jobs in Indiana and of the revenue impac…
Ind. Code § 6-3.1-13-25 Rules adoption; fees
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Sec. 25. The corporation may adopt rules under IC 4-22-2 necessary to implement this chapter. The rules may provide for recipients of tax credits under this chapter to be charged fees to cover administrative costs of the tax credit program. Fees collected shall be deposited in th…
Ind. Code § 6-3.1-13-26 Economic development for a growing economy fund; use;
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investments; appropriations Sec. 26. (a) The economic development for a growing economy fund is established to be used exclusively for the purposes of this chapter and IC 6-3.1-26, including paying for the costs of administering this chapter and IC 6-3.1-26. The fund shall be adm…
Ind. Code § 6-3.1-13-27 Repealed
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As added by P.L.114-2000, SEC.1. Amended by P.L.170-2002, SEC.24; P.L.4-2005, SEC.85; P.L.162-2007, SEC.28. Repealed by P.L.113-2010, SEC.168.
Ind. Code § 6-3.1-13-28 Repealed
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As added by P.L.205-2013, SEC.83. Repealed by P.L.130-2018, SEC.26.
Ind. Code § 6-3.1-13-3 Repealed
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As added by P.L.41-1994, SEC.1. Amended by P.L.4-2005, SEC.68. Repealed by P.L.145-2016, SEC.23.
Ind. Code § 6-3.1-13-4 "Full-time employee"
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Sec. 4. As used in this chapter, "full-time employee" means an individual who is employed for consideration for at least thirty-five (35) hours each week or who renders any other standard of service generally accepted by custom or specified by contract as full-time employment. As…
Ind. Code § 6-3.1-13-5 "Incremental income tax withholdings"
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Sec. 5. (a) As used in this chapter, "incremental income tax withholdings" means either: (1) the total amount withheld under IC 6-3-4-8 by the taxpayer during the taxable year from the compensation of new employees; or (2) the sum of: (A) the total amount withheld under IC 6-3-4-…
Ind. Code § 6-3.1-13-5.3 "NAICS"
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Sec. 5.3. As used in this chapter, "NAICS" refers to the North American Industry Classification System. As added by P.L.197-2005, SEC.2.
Ind. Code § 6-3.1-13-5.5 "NAICS industry sector"
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Sec. 5.5. As used in this chapter, "NAICS industry sector" refers to industries that share the same first two (2) digits of the six (6) digit NAICS code assigned to industries in the NAICS Manual of the United States Office of Management and Budget. As added by P.L.197-2005, SEC.…
Ind. Code § 6-3.1-13-7 "Pass through entity"
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Sec. 7. As used in this chapter, "pass through entity" means a: (1) corporation that is exempt from the adjusted gross income tax under IC 6-3-2-2.8(2); (2) partnership; (3) trust; (4) limited liability company; or (5) limited liability partnership. As added by P.L.41-1994, SEC.1…
Ind. Code § 6-3.1-13-8 "Related member"
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Sec. 8. As used in this chapter, "related member" means a person that, with respect to the taxpayer during all or any portion of the taxable year, is any one (1) of the following: (1) An individual stockholder, or a member of the stockholder's family enumerated in Section 318 of …
Ind. Code § 6-3.1-13-9 "State tax liability"
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Sec. 9. As used in this chapter, "state tax liability" means a taxpayer's total tax liability that is incurred under: (1) IC 6-3-1 through IC 6-3-7 (the adjusted gross income tax); (2) IC 27-1-18-2 (the insurance premiums tax) or IC 6-8-15 (the nonprofit agricultural organization…