Title 6, TITLE 6. TAXATION
297 chapters · 4,481 sections in this title.
Ind. Code § 6-1.1-24-6.5 Repealed
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As added by P.L.87-1987, SEC.7. Amended by P.L.83-1989, SEC.12; P.L.31-1994, SEC.5; P.L.39-1994, SEC.12; P.L.2-1995, SEC.26. Repealed by P.L.169-2006, SEC.83.
Ind. Code § 6-1.1-24-6.6 Repealed
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As added by P.L.124-1998, SEC.4. Amended by P.L.1-1999, SEC.11. Repealed by P.L.1-2002, SEC.172.
Ind. Code § 6-1.1-24-6.7 Transfer of property to a nonprofit entity
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Sec. 6.7. (a) For purposes of this section, in a county containing a consolidated city "county executive" refers to the board of commissioners of the county as provided in IC 36-3-3-10. (b) A county executive may transfer to a nonprofit entity: (1) property under this section; or…
Ind. Code § 6-1.1-24-6.8 Transfer of parcels and certificates of sale to adjacent
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homeowners Sec. 6.8. (a) For purposes of this section, in a county containing a consolidated city "county executive" refers to the board of commissioners of the county as provided in IC 36-3-3-10. (b) As used in this section, "vacant parcel" refers to a parcel that satisfies the …
Ind. Code § 6-1.1-24-6.9 Transfer of property to a person able to repair and maintain
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the property Sec. 6.9. (a) For purposes of this section, in a county having a consolidated city, "county executive" refers to the board of commissioners of the county as provided in IC 36-3-3-10. (b) The county executive may: (1) by resolution, identify the property described in …
Ind. Code § 6-1.1-24-7 Payment of sale price; application of payment; tax sale surplus
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fund; claims procedure; fund transfers; invalidity of sale Sec. 7. (a) When real property is sold under this chapter, the purchaser at the sale shall immediately pay the amount of the bid to the county treasurer. The county treasurer shall apply the payment in the following manne…
Ind. Code § 6-1.1-24-7.5 Limitations on agreements for recovery of money deposited in
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the tax sale surplus fund; enforcement by attorney general Sec. 7.5. (a) As used in this section, "property owner" refers to the owner of record of real property at the time the real property was certified for sale under this chapter and before issuance of the tax deed. (b) If a …
Ind. Code § 6-1.1-24-8 Failure to pay bid; effect
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Sec. 8. When one who purchases real property at a tax sale fails to pay the bid, the real property shall again be offered for sale. A purchaser who fails to pay the bid shall pay a civil penalty of twenty-five percent (25%) of the amount of the bid. The county prosecuting attorne…
Ind. Code § 6-1.1-24-9 Certificate of sale; contents; purchaser's lien; ordinance;
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assignments Sec. 9. (a) Immediately after a tax sale purchaser pays the bid, as evidenced by the receipt of the county treasurer, or immediately after the county acquires a lien under section 6 of this chapter, the county auditor shall deliver a certificate of sale to the purchas…
Ind. Code § 6-3.1-24-1 "Pass through entity" defined
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Sec. 1. As used in this chapter, "pass through entity" means: (1) a corporation that is exempt from the adjusted gross income tax under IC 6-3-2-2.8(2); (2) a partnership; (3) a limited liability company; or (4) a limited liability partnership. As added by P.L.192-2002(ss), SEC.1…
Ind. Code § 6-3.1-24-11 Pass through entity; eligibility of owners, shareholders, or
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members for credit Sec. 11. If a pass through entity is entitled to a credit under section 6 of this chapter but does not have state tax liability against which the tax credit may be applied, a shareholder, partner, or member of the pass through entity is entitled to a tax credit…
Ind. Code § 6-3.1-24-12 Carryover of unused tax credit; assignment of all or part of the
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credit Sec. 12. (a) If the amount of the credit determined under section 8 or 8.5 of this chapter for a taxpayer in a taxable year exceeds the taxpayer's state tax liability for that taxable year, the taxpayer may carry the excess credit over for a period not to exceed the taxpay…
Ind. Code § 6-3.1-24-12.5 Certification of investment plan; application; proof of
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investment within two years Sec. 12.5. (a) A taxpayer wishing to obtain a credit under this chapter must apply to the Indiana economic development corporation for a certification that the taxpayer's proposed investment plan would qualify for a credit under this chapter. (b) The a…
Ind. Code § 6-3.1-24-13 Returns; submission of certificates from Indiana economic
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development corporation Sec. 13. To receive the credit provided by this chapter, a taxpayer must claim the credit on the taxpayer's state tax return or returns in the manner prescribed by the department. The taxpayer shall submit to the department, along with the taxpayer's state…
Ind. Code § 6-3.1-24-14 Tax credit not considered a security; issuance or assignment
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not subject to the Indiana securities law Sec. 14. A certificate or tax credit issued under this chapter or assigned under section 12(b) of this chapter may not be considered to be a security for purposes of IC 23. The issuance or assignment of a certificate or tax credit under t…
Ind. Code § 6-3.1-24-2 "Qualified Indiana business" defined
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Sec. 2. As used in this chapter, "qualified Indiana business" means an independently owned and operated business that is certified as a qualified Indiana business by the Indiana economic development corporation under section 7 of this chapter. As added by P.L.192-2002(ss), SEC.11…
Ind. Code § 6-3.1-24-2.5 "Qualified Indiana investment fund"
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Sec. 2.5. As used in this chapter, "qualified Indiana investment fund" means any private fund that meets the definition of a venture capital fund in 17 CFR 275.203(l)-1 and that is certified by the Indiana economic development corporation as provided in section 7.5 of this chapte…
Ind. Code § 6-3.1-24-3 "Qualified investment capital" defined
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Sec. 3. As used in this chapter, "qualified investment capital" means debt or equity capital that is provided to a qualified Indiana business or a qualified Indiana investment fund after December 31, 2003. However, the term does not include debt that: (1) is provided by a financi…
Ind. Code § 6-3.1-24-4 "State tax liability" defined
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Sec. 4. As used in this chapter, "state tax liability" means a taxpayer's total tax liability that is incurred under: (1) IC 6-2.5 (state gross retail and use tax); (2) IC 6-3-1 through IC 6-3-7 (the adjusted gross income tax); (3) IC 6-5.5 (the financial institutions tax); and (…
Ind. Code § 6-3.1-24-4.5 "Substantial presence"
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Sec. 4.5. (a) As used in this chapter, "substantial presence" means: (1) maintaining a company headquarters in Indiana; or (2) maintaining at least seventy-five percent (75%) of a company's total payroll in Indiana. (b) Notwithstanding subsection (a), a company receiving qualifie…
Ind. Code § 6-3.1-24-5 "Taxpayer" defined
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Sec. 5. As used in this chapter, "taxpayer" means an individual or entity, including a pass through entity, that has any state tax liability. As added by P.L.192-2002(ss), SEC.119. Amended by P.L.214-2003, SEC.1.
Ind. Code § 6-3.1-24-6 Credit; eligibility
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Sec. 6. A taxpayer that: (1) provides qualified investment capital to a qualified Indiana business or a qualified Indiana investment fund; and (2) fulfills the requirements of the Indiana economic development corporation under section 12.5 of this chapter; is entitled to a credit…
Ind. Code § 6-3.1-24-7 Certification of qualified Indiana business; forms; fee
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Sec. 7. (a) The Indiana economic development corporation shall certify that a business is a qualified Indiana business if the corporation determines that the business: (1) has its headquarters in Indiana; (2) is primarily focused on professional motor vehicle racing, commercializ…
Ind. Code § 6-3.1-24-7.5 Certification of qualified Indiana investment fund; forms
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Sec. 7.5. (a) The Indiana economic development corporation may certify that an investment fund is a qualified Indiana investment fund if the corporation determines that the fund meets the definition in section 2.5 of this chapter and the requirements in subsection (b). (b) The In…
Ind. Code § 6-3.1-24-8.5 Maximum allowable credit; qualified investment fund; notice
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to investors Sec. 8.5. (a) A certification provided under section 7.5 of this chapter must include notice to investors of the maximum amount of tax credits available under this chapter for the provision of qualified investment capital to the qualified Indiana investment fund. (b)…
Ind. Code § 6-3.1-24-9 Repealed
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As added by P.L.192-2002(ss), SEC.119. Amended by P.L.214-2003, SEC.4; P.L.4-2005, SEC.99; P.L.193-2005, SEC.18; P.L.211-2007, SEC.28; P.L.172-2011, SEC.68; P.L.137-2012, SEC.60; P.L.288-2013, SEC.47; P.L.250-2015, SEC.30; P.L.237-2017, SEC.43. Repealed by P.L.165-2021, SEC.83. I…