™Your Policy Risk Impact Agent
323 chapters · 4,465 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…