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323 chapters · 4,465 sections in this title.
Ind. Code § 6-3.1-40.9-1 "Affordable housing organization"
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Sec. 1. As used in this chapter, "affordable housing 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) uses volunteers to build, renovate, and develop homeownership units for indi…
Ind. Code § 6-3.1-40.9-10 Shareholder, partner, or member entitled to credit
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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 § 6-3.1-40.9-11 Application for approval as an affordable housing organization
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Sec. 11. An affordable housing organization must apply to the corporation for approval as an affordable housing organization for purposes of this chapter. The corporation shall approve each applicant that is an affordable housing organization and provide a list of each approved a…
Ind. Code § 6-3.1-40.9-12 Claiming the credit
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Sec. 12. 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…