Indiana Code 6-3.1-30.5-8. Amount of credit
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Terms Used In Indiana Code 6-3.1-30.5-8
- credit: refers to a credit granted under this chapter. See Indiana Code 6-3.1-30.5-1
- scholarship granting organization: refers to an organization that:
Indiana Code 6-3.1-30.5-3
- school scholarship program: refers to a scholarship program certified by the department of education under IC 20-51. See Indiana Code 6-3.1-30.5-4
- taxpayer: means an individual or entity that has any state tax liability. See Indiana Code 6-3.1-30.5-6
Sec. 8. The amount of a taxpayer‘s credit is equal to fifty percent (50%) of the amount of the contribution made to the scholarship granting organization for a school scholarship program.
As added by P.L.182-2009(ss), SEC.205.