Sec. 7. (a) A taxpayer that makes a contribution to a scholarship granting organization for use by the scholarship granting organization in a school scholarship program is entitled to a credit against the taxpayer’s state tax liability in the taxable year in which the taxpayer makes the contribution.

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Terms Used In Indiana Code 6-3.1-30.5-7

  • 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
  • state tax liability: means a taxpayer's total tax liability that is incurred under:

    Indiana Code 6-3.1-30.5-5

  • taxpayer: means an individual or entity that has any state tax liability. See Indiana Code 6-3.1-30.5-6
  • Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
     (b) A taxpayer is not entitled to a credit under this chapter for a contribution to a scholarship granting organization that is used to provide a scholarship or other assistance to a child participating in the early education grant pilot program under IC 12-17.2-7.2.

As added by P.L.182-2009(ss), SEC.205. Amended by P.L.202-2014, SEC.1.

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