Indiana Code 6-8-15-5. Nonprofit agricultural organization health coverage tax; election to be subject to adjusted gross income tax
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Sec. 5. If an organization provides nonprofit agricultural organization coverage in Indiana, the organization is subject to a nonprofit agricultural organization health coverage tax under this chapter unless the organization:
(2) states in the notice of election that the organization elects to be subject to the tax imposed under IC 6-3-1 through IC 6-3-7 for the taxable year.
(1) files a notice of election with the insurance commissioner and the commissioner of the department on or before November 30 of a taxable year; and
Terms Used In Indiana Code 6-8-15-5
- commissioner: refers to the insurance commissioner appointed under IC 27-1-1-2. See Indiana Code 6-8-15-1
- department: refers to the Indiana department of insurance created by IC 27-1-1-1. See Indiana Code 6-8-15-2
- nonprofit agricultural organization: means an organization:
Indiana Code 6-8-15-3
- Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
As added by P.L.154-2020, SEC.38. Amended by P.L.194-2023, SEC.31.