Title 6, TITLE 6. TAXATION
297 chapters · 4,481 sections in this title.
Ind. Code § 6-3.1-34.6-1 Applicability
0.6K chars
Sec. 1. (a) Subject to subsection (b), this chapter applies to taxable years beginning after December 31, 2012. (b) A person is not entitled to a tax credit for placing a qualified vehicle into service after December 31, 2016. However, this subsection may not be construed to prev…
Ind. Code § 6-3.1-34.6-10 Maximum annual credit; maximum overall credit
0.8K chars
Sec. 10. The total amount of the tax credits granted in a particular year to all persons under this chapter may not exceed the lesser of: (1) three million dollars ($3,000,000) per year; or (2) the revenue, as estimated by the budget agency, that is attributable to the imposition…
Ind. Code § 6-3.1-34.6-11 Claiming credit; pass through entity
0.9K chars
Sec. 11. (a) If a pass through entity places a qualified vehicle into service but does not have state tax liability against which a tax credit may be applied, a shareholder, partner, or member of the pass through entity may claim a tax credit under this chapter equal to: (1) the …
Ind. Code § 6-3.1-34.6-12 Procedure to claim credit
1.4K chars
Sec. 12. (a) To receive a credit under this chapter, a person placing a qualified vehicle into service must: (1) apply for the department's approval of the tax credit and notify the department of the person's purchase or lease of a qualified vehicle in the manner prescribed by th…
Ind. Code § 6-3.1-34.6-13 Credit carryover; no carryback or refund
0.9K chars
Sec. 13. (a) If the amount of the credit determined under this chapter for a person in a taxable year exceeds the person's state tax liability for that taxable year, the person may carry over the excess to the following taxable years. The amount of the credit carryover from a tax…
Ind. Code § 6-3.1-34.6-2 "Department"
0.1K chars
Sec. 2. As used in this chapter, "department" refers to the department of state revenue. As added by P.L.277-2013, SEC.6.
Ind. Code § 6-3.1-34.6-3 "Natural gas"
0.1K chars
Sec. 3. As used in this chapter, "natural gas" means compressed or liquid natural gas. As added by P.L.277-2013, SEC.6.
Ind. Code § 6-3.1-34.6-4 "Pass through entity"
0.3K chars
Sec. 4. 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.277-2013, SEC.6.…
Ind. Code § 6-3.1-34.6-5 "Person"
0.2K chars
Sec. 5. As used in this chapter, "person" means an individual, a corporation, a limited liability company, a partnership, or another legal entity. As added by P.L.277-2013, SEC.6.
Ind. Code § 6-3.1-34.6-6 "Qualified vehicle"
0.3K chars
Sec. 6. As used in this chapter, "qualified vehicle" means a natural gas powered vehicle that: (1) has a gross vehicle weight rating of more than thirty-three thousand (33,000) pounds; and (2) is purchased or leased from a dealer located in Indiana. As added by P.L.277-2013, SEC.…
Ind. Code § 6-3.1-34.6-7 "State tax liability"
0.5K chars
Sec. 7. As used in this chapter, "state tax liability" means a person'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 6-5.5 (the financial institutions tax); and (3) IC 27-1-18-2 (the insurance premiums tax); as …
Ind. Code § 6-3.1-34.6-8 Credit claims; credit amounts; claims for vehicles placed into
1.5K chars
service in 2013 Sec. 8. (a) Subject to subsection (c), a person that places a qualified vehicle into service in a particular taxable year may claim a credit against the person's state tax liability for that taxable year. (b) Subject to sections 9 and 10 of this chapter, the amoun…
Ind. Code § 6-3.1-34.6-9 Maximum credit amount for vehicles placed into service in
0.4K chars
taxable years beginning after December 31, 2013 Sec. 9. This section does not apply to a taxable year beginning after December 31, 2012, and before January 1, 2014. The total amount of the tax credits granted to a person under this chapter for a particular taxable year may not ex…