Indiana Code 6-3.1-18-4.5. “Qualified contribution”
Current as of: 2024 | Check for updates
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Terms Used In Indiana Code 6-3.1-18-4.5
- community based organization: has the meaning set forth in Indiana Code 6-3.1-18-0.7
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- fund: refers to an individual development account fund established by a community development corporation or community based organization under IC 4-4-28-13. See Indiana Code 6-3.1-18-2
Sec. 4.5. As used in this chapter, “qualified contribution” means a contribution to a fund for which a community development corporation or community based organization has received an allocation of tax credits under IC 4-4-28-13.
As added by P.L.50-2016, SEC.10. Amended by P.L.124-2024, SEC.24.