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323 chapters · 4,465 sections in this title.
Ind. Code § 6-3.1-45-7 Credit for qualified investment; amount of credit
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Sec. 7. A taxpayer is entitled to a credit against the taxpayer's state tax liability in the taxable year in which the taxpayer makes a qualified investment. The amount of the credit provided by this section is equal to twenty percent (20%) of the amount of the taxpayer's qualifi…
Ind. Code § 6-3.1-45-8 Carryover of excess credit; taxpayer not entitled to carryback or refund
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Sec. 8. (a) If the amount determined under section 7 of this chapter for a taxpayer in a taxable year exceeds the taxpayer's state tax liability for that taxable year, the taxpayer may carry the excess over to the following taxable years. The amount of the credit carryover from a…
Ind. Code § 6-3.1-45-9 Pass through entity without state tax liability; tax credit for shareholder, partner, or member
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Sec. 9. (a) 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, an individual who is a shareholder, partner, or member of the pass through entity is entitled to a tax c…
Ind. Code § 6-9-46-1 Applicability
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Sec. 1. This chapter applies only in Brown County. As added by P.L.290-2019, SEC.11.