Title 6, TITLE 6. TAXATION

Sec. 0.3. It is the intent of the general assembly that the addition of section 2.3 of this chapter by P.L.70-1993 be construed liberally in favor of persons, corporations, partnerships, or other entities contracting with commercial printers. As added by P.L.220-2011, SEC.138.

Note: This version of section effective 1-1-2024. See also preceding version of this section, effective until 1-1-2024. Sec. 1. (a) Each taxable year, a tax at the following rate of adjusted gross income is imposed upon the adjusted gross income of every resident person, and on t…

rate after December 31, 2018; expiration Note: This version of section effective 1-1-2024. See also preceding version of this section, effective until 1-1-2024. Sec. 1.5. (a) As used in this section, "qualified area" means: (1) a military base (as defined in IC 36-7-30-1(c)); (2)…

a distributor for resale; sourcing of the sale Sec. 1.7. (a) For purposes of this section: (1) "Distributor" means a person or entity located in this state that purchases tangible personal property from an eligible corporation for purposes of resale. For purposes of this section,…

operating loss deduction Sec. 1.9. (a) This section applies only to a taxable year ending after June 30, 2021, and beginning before January 1, 2023. (b) For purposes of determining a net operating loss deduction under IC 6-3-2-2.5 or IC 6-3-2-2.6, the term "federal taxable income…

Sec. 10. (a) For purposes of this section, "excess adjusted gross income" means the greater of zero (0) or one-half (1/2) of: (1) the individual's adjusted gross income or the combined adjusted gross income of the individual and the individual's spouse, if the individual files a …

leave Sec. 11. (a) An individual is entitled to a deduction from the individual's adjusted gross income for the taxable year if the individual: (1) is an employee of the federal government during the taxable year and the year preceding the taxable year; (2) has used paid leave fr…

Sec. 12. (a) As used in this section, the term "foreign source dividend" means a dividend from a foreign corporation. The term: (1) includes any amount that a taxpayer is required to include in its gross income for a taxable year under Sections 951 and 951A of the Internal Revenu…

deduction after December 31, 2015; expiration Sec. 13. (a) As used in this section, "export income" means the gross receipts from the sale, transfer, or exchange of tangible personal property destined for international markets that is: (1) manufactured at a plant located within a…

As added by P.L.341-1989(ss), SEC.9. Repealed by P.L.192-2002(ss), SEC.191.

Sec. 14.1. Notwithstanding IC 6-3-4-8.2, a payment made after June 30, 2002, on prize money received from a winning lottery ticket purchased under IC 4-30 for a lottery held before July 1, 2002, is exempt from the adjusted gross income tax and supplemental net income tax (repeale…

As added by P.L.192-2002(ss), SEC.79. Repealed by P.L.250-2015, SEC.21.

As added by P.L.90-1989, SEC.1; P.L.347-1989(ss), SEC.8. Repealed by P.L.1-1990, SEC.76.

subject to IC 6-5.5 Sec. 16. If an entity is subject to taxation under this article and is a member of a unitary group of which a taxpayer subject to taxation under IC 6-5.5 is a member, all income and deductions attributable to transactions between the entity and the unitary tax…

As added by P.L.1-1990, SEC.78. Repealed by P.L.250-2015, SEC.22.

deposits before January 1, 2016 Sec. 18. (a) As used in this section, "eligible medical expense" has the meaning set forth in IC 6-8-11-3. (b) As used in this section, "medical care savings account" has the meaning set forth in IC 6-8-11-6. (c) This subsection applies only to mon…

Sec. 19. (a) As used in this section, "account beneficiary" has the meaning set forth in IC 21-9-2-3. (b) As used in this section, "account owner" has the meaning set forth in IC 21-9-2-4. (c) As used in this section, "individual account" has the meaning set forth in IC 21-9-2-2.…

apportionment; payroll factor; sales factor; property factor; pass through entities Sec. 2. (a) With regard to corporations and nonresident persons, "adjusted gross income derived from sources within Indiana", for the purposes of this article, shall mean and include: (1) income f…

As added by P.L.190-2014, SEC.13. Expired 1-1-2016 by P.L.190-2014, SEC.13.

Sec. 2.2. (a) Interest income and other receipts from assets in the nature of loans or installment sales contracts that are primarily secured by or deal with real or tangible personal property are attributable to this state if the security or sale property is located in Indiana. …

Sec. 2.3. Notwithstanding any other provision of this article, with respect to a person, corporation, or partnership that has contracted with a commercial printer for printing: (1) the ownership or leasing by that entity of tangible or intangible property located at the Indiana p…

of business activity outside United States Sec. 2.4. (a) For purposes of section 2(o) of this chapter, a corporation is a foreign operating corporation for a particular taxable year if it has eighty percent (80%) or more of its total business activity occurring outside the United…

Note: This version of section effective 1-1-2023. See also preceding version of this section, effective 1-1-2022 until 1-1-2023. Sec. 2.5. (a) This section applies to a resident person. (b) Resident persons are entitled to a net operating loss deduction. The amount of the deducti…

Note: This version of section effective 1-1-2023. See also preceding version of this section, effective 1-1-2022 until 1-1-2023. Sec. 2.6. (a) This section applies to a corporation or a nonresident person. (b) Corporations and nonresident persons are entitled to a net operating l…

Sec. 2.7. (a) As used in this section: (1) "Bonus for services rendered as a team member" includes: (A) a bonus earned as a result of play during the season, such as a performance bonus, including a bonus paid for a championship, playoff, or bowl game played by a team, or for sel…

financial institutions; insurance companies; international banking facilities Note: This version of section effective 1-1-2023. See also preceding version of this section, effective 1-1-2022 until 1-1-2023. Sec. 2.8. Notwithstanding any provision of IC 6-3-1 through IC 6-3-7, the…

As added by P.L.50-1984, SEC.2. Repealed by P.L.47-1984, SEC.7(c).

expenses; exceptions Sec. 20. (a) The following definitions apply throughout this section: (1) "Affiliated group" has the meaning provided in Section 1504 of the Internal Revenue Code, except that the ownership percentage in Section 1504(a)(2) of the Internal Revenue Code shall b…

Sec. 21.7. (a) This section applies to a qualified patent issued to a taxpayer after December 31, 2007. (b) As used in this section, "invention" has the meaning set forth in 35 U.S.C. 100(a). (c) As used in this section, "qualified patent" means: (1) a utility patent issued under…

Sec. 22. (a) The following definitions apply throughout this section: (1) "Dependent child" means an individual who: (A) is eligible to receive a free elementary or high school education in an Indiana school corporation; (B) qualifies as a dependent (as defined in Section 152 of …

Sec. 24. (a) This section applies to a taxable year beginning after December 31, 2013. (b) As used in this section, "international committee" refers to the International Olympic Committee and the International Paralympic Committee. (c) As used in this section, "Olympic games" ref…

imposed for March 1, 2006, or January 15, 2007, assessment Sec. 25. (a) This section applies only to an individual who in 2008 paid property taxes that: (1) were imposed on the individual's principal place of residence for the March 1, 2006, assessment date or the January 15, 200…

authority infrastructure fund Sec. 26. (a) This section applies only to taxable years beginning after December 31, 2017. (b) As used in this section, "fund" refers to the regional development authority infrastructure fund established by IC 36-9-43-9. (c) Each taxable year, a taxp…

Effective 1-1-2024. Sec. 27.5. (a) As used in this section, "compensation" means any wages, salaries, tips, or similar income that is subject to the withholding requirements under IC 6-3-4-8, or would otherwise be subject to the withholding requirements under IC 6-3-4-8 if not fo…

Effective 1-1-2024. Sec. 28. (a) The following definitions apply throughout this section: (1) "Health care sharing ministry" has the meaning set forth in IC 27-1-2.1-1. (2) "Qualified health care sharing expenses" means the amount paid by a qualified individual for membership in …

computation Sec. 29. (a) As used in this section, "specified research or experimental expenditures" means specified research or experimental expenditures (as defined in Section 174(b) of the Internal Revenue Code) that the taxpayer is required to charge to capital account under S…

Formerly Acts 1963(ss)c.32, s.205; Acts 1965, c.233, s.14. Amended by Acts 1981, P.L.77, SEC.9; P.L.79-1983, SEC.2, P.L.82-1983, SEC.5. Repealed by P.L.47-1984, SEC.7(b).

Sec. 3.1. (a) Except as otherwise provided in subsection (b), income is not exempt from the adjusted gross income tax under section 2.8(1) of this chapter if the income is derived by the exempt organization from an unrelated trade or business, as defined in Section 513 of the Int…

Sec. 3.2. (a) The following definitions apply to this section: (1) "Bonus for services rendered as a race team member" includes: (A) a bonus earned as a result of participation in a racing event, such as a performance bonus or any other bonus; and (B) a bonus paid for signing a c…

Sec. 3.5. (a) For purposes of this section, "public transportation services" means the transportation of individuals for hire. (b) All fares collected for public transportation services are exempt from the income taxes imposed by this article if the fares are received by a: (1) p…

retirement benefits; deduction Sec. 3.7. (a) Each taxable year, an individual or the individual's surviving spouse is entitled to an adjusted gross income tax deduction equal to the remainder of: (1) the: (A) first eight thousand dollars ($8,000), for taxable years beginning afte…

benefits deduction Sec. 4. (a) Each taxable year, an individual, or the individual's surviving spouse, is entitled to the following: (1) An adjusted gross income tax deduction for the first five thousand dollars ($5,000) of income, excluding adjusted gross income described in sub…

As added by Acts 1978, P.L.37, SEC.2. Repealed by P.L.36-2015, SEC.3; P.L.250-2015, SEC.17.

As added by P.L.182-2009(ss), SEC.195. Repealed by P.L.36-2015, SEC.4; P.L.250-2015, SEC.18.

As added by Acts 1979, P.L.69, SEC.1. Repealed by Acts 1980, P.L.54, SEC.9.

Sec. 6. (a) Each taxable year, an individual who rents a dwelling for use as the individual's principal place of residence may deduct from the individual's adjusted gross income (as defined in IC 6-3-1-3.5(a)), the lesser of: (1) the amount of rent paid by the individual with res…

As added by P.L.23-1983, SEC.10. Repealed by P.L.9-1986, SEC.10.

Sec. 8. (a) For purposes of this section, "qualified employee" means an individual who is employed by a taxpayer, a pass through entity, an employer exempt from adjusted gross income tax (IC 6-3-1 through IC 6-3-7) under section 2.8(3), 2.8(4), or 2.8(5) of this chapter, a nonpro…

Sec. 9. (a) An individual who: (1) retired on disability before the end of the taxable year; and (2) had a permanent and total disability, as determined under subsection (c), at the time of retirement; is entitled to a deduction from the individual's adjusted gross income for tha…

Sec. 0.1. As used in this chapter: (1) "actual cost" means the price paid by a remote seller for an individual taxable product; and (2) "actual cost list" means an annual list (prepared, maintained, and certified by each remote seller) of the cost of each individual taxable produ…