Sec. 8. (a) A taxpayer that makes a qualified expenditure in a taxable year is entitled to a credit against the taxpayer’s state tax liability for the taxable year.

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Terms Used In Indiana Code 6-3.1-39.5-8

  • qualified expenditure: means a qualified child care expenditure. See Indiana Code 6-3.1-39.5-4
  • state tax liability: means the taxpayer's total tax liability that is incurred under:

    Indiana Code 6-3.1-39.5-6

  • taxpayer: means any person, corporation, limited liability company, partnership, or other entity that has any state tax liability and employs one hundred (100) individuals or less. See Indiana Code 6-3.1-39.5-7
  • Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
     (b) Subject to section 9 of this chapter, the maximum amount of the credit to which a taxpayer is entitled in a particular taxable year is equal to the lesser of:

(1) fifty percent (50%) of the employer’s qualified expenditures in the taxable year; or

(2) one hundred thousand dollars ($100,000).

As added by P.L.201-2023, SEC.103.

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