Title 6, TITLE 6. TAXATION

contracts Sec. 5. (a) The department may revoke a certification issued under 50 IAC 15 for not more than three (3) years if the department determines by a preponderance of the evidence that the township assessor, county assessor, employee of the township assessor or county assess…

Sec. 6. A tax representative may not do any of the following: (1) Use or participate in the use of any false, fraudulent, unduly influencing, coercive, unfair, misleading, or deceptive statement or claims with respect to any matter relating to the practice before the property tax…

Sec. 7. The department may revoke the certification of a tax representative for the following: (1) Violation of any rule applicable to certification or practice before the department, the Indiana board, or the property tax assessment board of appeals. (2) Gross incompetence in th…

Sec. 1. (a) As used in this chapter, "foster care" means living in a place licensed under IC 31-27. (b) As used in this chapter, "person" means an individual, a corporation, a limited liability company, a partnership, or another legal entity. (c) As used in this chapter, "qualify…

Sec. 2. A person who makes a qualifying contribution or makes a monetary contribution to a qualifying foster care organization shall receive a tax credit as provided in section 3 of this chapter. As added by P.L.165-2021, SEC.91. Amended by P.L.97-2023, SEC.2.

Sec. 3. (a) Subject to the limitations provided in subsection (b) and sections 5 and 6 of this chapter, the department shall grant a tax credit against any state tax liability due equal to fifty percent (50%) of a qualifying contribution or of the amount of the monetary contribut…

foster care organization Sec. 4. (a) Any business firm or person that desires to claim a tax credit as provided in this chapter shall file with the department, in the form that the department may prescribe, an application stating the amount of the contribution or investment that …

Sec. 5. (a) The amount of tax credits allowed under this chapter may not exceed two million dollars ($2,000,000) for the period beginning July 1, 2021, through December 31, 2023. (b) The amount of tax credits allowed under this chapter may not exceed two million dollars ($2,000,0…

Sec. 6. A tax credit shall be allowable under this chapter only for the taxable year of the taxpayer in which the contribution qualifying for the credit is paid. A taxpayer is not entitled to a refund of any unused credit. As added by P.L.165-2021, SEC.91.

Sec. 6.1. The department shall provide the following information on the department's website: (1) The application for the tax credit provided in this chapter. (2) A timeline for receiving the credit provided in this chapter. (3) The total amount of credits awarded under this chap…

Sec. 7. This chapter applies to taxable years beginning after December 31, 2021. As added by P.L.165-2021, SEC.91.

Sec. 8. This chapter expires January 1, 2028. As added by P.L.165-2021, SEC.91. Amended by P.L.97-2023, SEC.7.

Sec. 1. As used in this chapter, "corporation" refers to the Indiana economic development corporation established by IC 5-28-3 unless the context clearly denotes otherwise. As added by P.L.214-2023, SEC.2.

Sec. 10. If the corporation approves an application under this chapter, the corporation shall require the applicant to enter into an agreement with the corporation as a condition of receiving a tax credit under this chapter. As added by P.L.214-2023, SEC.2.

operations; relocation Sec. 11. A taxpayer is not entitled to claim the credit provided by this chapter if the corporation determines that the taxpayer has substantially reduced or ceased its operations in Indiana in order to relocate them within the mine reclamation site. A dete…

Sec. 12. (a) A credit to which a taxpayer is entitled under this chapter shall be applied against taxes owed by the taxpayer in the following order: (1) Against the taxpayer's adjusted gross income tax liability (IC 6-3-1 through IC 6-3-7) for the taxable year. (2) Against the ta…

Sec. 13. To receive the credit provided by this chapter, a taxpayer must claim the credit on the taxpayer's annual state tax return or returns in the manner prescribed by the department of state revenue. The taxpayer shall submit to the department of state revenue the certificati…

Sec. 14. (a) If a pass through entity does not have state income tax liability against which the tax credit provided by this chapter may be applied, a shareholder, partner, or member of the pass through entity is entitled to a tax credit equal to: (1) the tax credit determined fo…

Sec. 15. The aggregate amount of tax credits allowed under this chapter may not exceed twenty-five million dollars ($25,000,000) during the period beginning January 1, 2023, and ending December 31, 2027. As added by P.L.214-2023, SEC.2.

Sec. 16. A tax credit awarded under this chapter is subject to the limitations set forth in IC 5-28-6-9. As added by P.L.214-2023, SEC.2.

Sec. 17. This chapter expires December 31, 2027. The expiration of this chapter on December 31, 2027, does not affect a taxpayer's ability to carry forward the amount of any unused credit awarded before the expiration of this chapter. As added by P.L.214-2023, SEC.2.

Sec. 2. As used in this chapter, "mine reclamation site" means land that has been mined using surface mining methods or underground mining methods, specifically and primarily for the removal of coal, and land contiguous to such previously mined land. As added by P.L.214-2023, SEC…

Sec. 3. As used in this chapter, "qualified investment" means the amount of the taxpayer's expenditures for development of property located within a mine reclamation site. As added by P.L.214-2023, SEC.2.

Sec. 4. As used in this chapter, "state tax liability" means the taxpayer'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 27-1-18-2 (the insurance premiums tax); and (3) IC 6-5.5 (the financial institutions tax);…

Sec. 5. As used in this chapter, "taxpayer" means any person, corporation, limited liability company, partnership, or other entity that has any state tax liability and that is the owner or developer of a mine reclamation site. The term includes a lessee that is assigned some part…

Sec. 6. (a) Subject to entering into an agreement with the corporation under section 8 of this chapter and subject to section 11 of this chapter, a taxpayer is entitled to a credit against the taxpayer's state tax liability for a taxable year if the taxpayer makes a qualified inv…

Sec. 7. (a) If the amount determined under section 6(b) of this chapter for a taxable year exceeds the taxpayer's state tax liability for that taxable year, the taxpayer may carry the excess over to the immediately following taxable years. The amount of the credit carryover from …

Sec. 8. (a) A taxpayer that proposes to make qualified investments on a mine reclamation site as provided under this chapter may apply to the corporation to enter into an agreement for a tax credit under this chapter. (b) The corporation shall prescribe the form of the applicatio…

Sec. 9. The corporation shall consider the following factors in evaluating applications filed under this chapter: (1) The impact in the surrounding community caused by the lack of development at the mine reclamation site. (2) Evidence of support for the designation by residents, …

Effective 1-1-2024. Sec. 1. 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 trust; (4) an estate; (5) a limited liability company; or (6) a limited liability …

Effective 1-1-2024. Sec. 10. The tax credit under this chapter shall be include in the legislative services agency's tax expenditure report in 2026. As added by P.L.236-2023, SEC.68.

Effective 1-1-2024. Sec. 11. This chapter expires December 31, 2028. As added by P.L.236-2023, SEC.68.

Effective 1-1-2024. Sec. 2. As used in this chapter, "state tax liability" means the taxpayer'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 27-1-18-2 (the insurance premiums tax) or IC 6-8-15 (the nonprofit agr…

Effective 1-1-2024. Sec. 3. (a) Except as provided in subsections (b) and (c), and subject to section 4 of this chapter, a taxpayer that employs an individual who: (1) is referred to the employer for employment through a vocational rehabilitation services program for individuals …

Effective 1-1-2024. Sec. 4. To be eligible for the credit under this chapter, a taxpayer must employ an individual described in section 3(a) of this chapter who works at least an average of twenty (20) hours per week for the employer in a similar setting and at a rate that is com…

Effective 1-1-2024. Sec. 5. (a) This section applies to a taxpayer that satisfies the following requirements: (1) The taxpayer is a benefit corporation (as defined in IC 23-1.3-2-3). (2) The taxpayer employs not more than fifty (50) individuals. (3) The majority of the taxpayer's…

Effective 1-1-2024. Sec. 6. (a) This section applies to a taxpayer that does not meet the requirements under section 5(a) of this chapter and employees five hundred (500) or less total employees. (b) The amount of the tax credit is determined according to the following: (1) In th…

Effective 1-1-2024. Sec. 7. If a pass through entity is entitled to a credit under this chapter but does not have state tax liability against which the tax credit may be applied, an individual who is a shareholder, partner, beneficiary, or member of the pass through entity is ent…

Effective 1-1-2024. Sec. 8. In order to receive the credit provided under this chapter, a taxpayer must claim the credit on the taxpayer's annual state tax return in the manner prescribed by the department. The taxpayer shall submit to the department any information that the depa…

Effective 1-1-2024. Sec. 9. (a) If the amount of the credit determined under section 5 or 6 of this chapter, as applicable, for a taxpayer in a taxable year exceeds the taxpayer's state tax liability for that taxable year, the taxpayer may carry the excess credit over for a perio…

Effective 1-1-2024. Sec. 1. As used in this chapter, "Indiana qualified child care facility" means a facility that is: (1) a qualified child care facility (as defined in Section 45F of the Internal Revenue Code); (2) located in Indiana; (3) licensed by the division of family reso…

Effective 1-1-2024. Sec. 10. (a) If the amount of the credit determined under section 8(b) 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 credit over for a period not to exceed t…

Effective 1-1-2024. Sec. 11. To obtain a credit under this chapter, a taxpayer must claim the credit on the taxpayer's annual state tax return in the manner prescribed by the department. The taxpayer shall submit to the department all information that the department determines is…

Effective 1-1-2024. Sec. 12. (a) If a recapture event occurs with respect to an Indiana qualified child care facility within five (5) years after the end of the taxable year in which a credit was allowed, the taxpayer is responsible for payment to the department of a recapture am…

Effective 1-1-2024. Sec. 13. A taxpayer that claims a credit under this chapter is not liable for any act or omission occurring at an Indiana qualified child care facility that contracts with the taxpayer to provide child care services to employees of the taxpayer if the Indiana …

Effective 1-1-2024. Sec. 14. (a) The maximum aggregate amount of tax credits allowed under this chapter may not exceed two million five hundred thousand dollars ($2,500,000) in each state fiscal year. (b) The department shall record the time of filing of each return claiming a ta…

Effective 1-1-2024. Sec. 15. This chapter expires July 1, 2025. As added by P.L.201-2023, SEC.103.

Effective 1-1-2024. Sec. 2. 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 trust; (4) an estate; (5) a limited liability company; or (6) a limited liability …

Effective 1-1-2024. Sec. 3. As used in this chapter, "qualified child care expenditure" means an expenditure: (1) for the acquisition, construction, rehabilitation, or expansion of property used as part of an Indiana qualified child care facility of a taxpayer that is operated fo…

Effective 1-1-2024. Sec. 4. As used in this chapter, "qualified expenditure" means a qualified child care expenditure. As added by P.L.201-2023, SEC.103.