Title 6, TITLE 6. TAXATION
297 chapters · 4,481 sections in this title.
Ind. Code § 6-1.1-8.2-1 "Qualified expenditures" defined
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Sec. 1. (a) As used in this chapter, "qualified expenditures" means expenditures made by a taxpayer during a particular calendar year on the maintenance or improvement in Indiana of railcars owned or used by the taxpayer. (b) The term includes, but is not limited to, the followin…
Ind. Code § 6-1.1-8.2-2 "Taxpayer" defined
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Sec. 2. As used in this chapter, "taxpayer" means a railcar company (as defined by IC 6-1.1-8-2). As added by P.L.253-1999, SEC.2. Amended by P.L.38-2021, SEC.21.
Ind. Code § 6-1.1-8.2-3 "Tax liability" defined
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Sec. 3. As used in this chapter, "tax liability" means a railcar company's tax liability under IC 6-1.1-8-35. The term does not include interest or penalties. As added by P.L.253-1999, SEC.2. Amended by P.L.38-2021, SEC.22.
Ind. Code § 6-1.1-8.2-4 Entitlement to credit
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Sec. 4. A taxpayer is entitled to a credit against the taxpayer's tax liability in an amount set forth in section 5 of this chapter. As added by P.L.253-1999, SEC.2.
Ind. Code § 6-1.1-8.2-5 Determination of amount of credit
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Sec. 5. (a) Subject to subsection (b), the amount of the credit that a taxpayer is entitled to under section 4 of this chapter for a particular calendar year is equal to the lesser of: (1) twenty-five percent (25%) of the qualified expenditures made by the taxpayer in the calenda…
Ind. Code § 6-1.1-8.2-6 Filing expenditure statement
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Sec. 6. To obtain the credit provided by section 4 of this chapter for a particular calendar year, a taxpayer must file with the department of local government finance an accurate statement of the qualified expenditures that entitle the taxpayer to a credit. The statement must be…