Title 6, TITLE 6. TAXATION
297 chapters · 4,481 sections in this title.
Ind. Code § 6-3.1-30.5-0.5 Severability
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Sec. 0.5. Each provision of P.L.92-2011 is presumed to be and is severable from the remainder to the fullest extent and under IC 1-1-1-8. If any phrase, clause, sentence, or provision of IC 6-3.1-30.5 or IC 20-51, as added and amended, is held invalid for any reason, the invalidi…
Ind. Code § 6-3.1-30.5-1 "Credit"
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Sec. 1. As used in this chapter, "credit" refers to a credit granted under this chapter. As added by P.L.182-2009(ss), SEC.205.
Ind. Code § 6-3.1-30.5-10 Pass through entities
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Sec. 10. If a pass through entity is entitled to a credit under section 7 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 equal to: (1) the …
Ind. Code § 6-3.1-30.5-11 Claim of credit; submission of information
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Sec. 11. To apply a credit against the taxpayer's state tax liability, a taxpayer must claim the credit on the taxpayer's annual state tax return or returns in the manner prescribed by the department. The taxpayer shall submit to the department the information that the department…
Ind. Code § 6-3.1-30.5-12 Use of contribution
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Sec. 12. A contribution to a scholarship granting organization shall be treated as having been made for use in a school scholarship program if: (1) the contribution is made directly to a scholarship granting organization; and (2) either: (A) not later than the date of the contrib…
Ind. Code § 6-3.1-30.5-13 Maximum amount of credit
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Sec. 13. (a) The total amount of tax credits awarded under this chapter may not exceed nine million five hundred thousand dollars ($9,500,000) in the state fiscal year beginning July 1, 2016, and ending June 30, 2017. (b) The total amount of tax credits awarded under this chapter…
Ind. Code § 6-3.1-30.5-14 Information posted by the department
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Sec. 14. The department, on an Internet web site used by the department to provide information to the public, shall provide the following information: (1) The application for the credit provided in this chapter. (2) A timeline for receiving the credit provided in this chapter. (3…
Ind. Code § 6-3.1-30.5-15 Adoption of rules
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Sec. 15. The department shall adopt rules under IC 4-22-2 to implement this chapter. As added by P.L.182-2009(ss), SEC.205.
Ind. Code § 6-3.1-30.5-2 "Pass through entity"
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Sec. 2. As used in this chapter, "pass through entity" has the meaning set forth in IC 6-3-1-35. As added by P.L.182-2009(ss), SEC.205.
Ind. Code § 6-3.1-30.5-3 "Scholarship granting organization"
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Sec. 3. As used in this chapter, "scholarship granting 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) conducts a school scholarship program without limiting the availability of…
Ind. Code § 6-3.1-30.5-4 "School scholarship program"
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Sec. 4. As used in this chapter, "school scholarship program" refers to a scholarship program certified by the department of education under IC 20-51. As added by P.L.182-2009(ss), SEC.205. IC 6-3.1-30.5-5 "State tax liability" Sec. 5. As used in this chapter, "state tax liabilit…
Ind. Code § 6-3.1-30.5-6 "Taxpayer"
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Sec. 6. As used in this chapter, "taxpayer" means an individual or entity that has any state tax liability. As added by P.L.182-2009(ss), SEC.205.
Ind. Code § 6-3.1-30.5-7 Credit
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Sec. 7. (a) A taxpayer that makes a contribution to a scholarship granting organization for use by the scholarship granting organization in a school scholarship program is entitled to a credit against the taxpayer's state tax liability in the taxable year in which the taxpayer ma…
Ind. Code § 6-3.1-30.5-8 Amount of credit
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Sec. 8. The amount of a taxpayer's credit is equal to fifty percent (50%) of the amount of the contribution made to the scholarship granting organization for a school scholarship program. As added by P.L.182-2009(ss), SEC.205.
Ind. Code § 6-3.1-30.5-9 Expired
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As added by P.L.182-2009(ss), SEC.205. Amended by P.L.211-2013, SEC.1. Expired 1-1-2017 by P.L.211-2013, SEC.1.
Ind. Code § 6-3.1-30.5-9.5 Unused credit carried forward; taxable years beginning after
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December 31, 2012 Sec. 9.5. (a) This section applies to a taxpayer that is entitled to a tax credit under this chapter for a taxable year beginning after December 31, 2012. (b) If the credit provided by this chapter exceeds the taxpayer's state tax liability for the taxable year …