Indiana Code 6-3.1-40.9-7. Entitlement to credit
Current as of: 2024 | Check for updates
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Terms Used In Indiana Code 6-3.1-40.9-7
- affordable housing organization: refers to an organization that:
Indiana Code 6-3.1-40.9-1
- credit: refers to a credit granted under this chapter. See Indiana Code 6-3.1-40.9-3
- state tax liability: means a taxpayer's total tax liability that is incurred under:
Indiana Code 6-3.1-40.9-5
- taxpayer: means an individual or entity that has any state tax liability. See Indiana Code 6-3.1-40.9-6
- Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
Sec. 7. A taxpayer that makes a contribution to an affordable housing organization that is approved under section 11 of this chapter is entitled to a credit against the taxpayer’s state tax liability in the taxable year in which the taxpayer makes the contribution.
As added by P.L.201-2023, SEC.104.