§ 6-3.1-24-1 “Pass through entity” defined
§ 6-3.1-24-2 “Qualified Indiana business” defined
§ 6-3.1-24-2.5 “Qualified Indiana investment fund”
§ 6-3.1-24-3 “Qualified investment capital” defined
§ 6-3.1-24-4 “State tax liability” defined
§ 6-3.1-24-4.5 “Substantial presence”
§ 6-3.1-24-5 “Taxpayer” defined
§ 6-3.1-24-6 Credit; eligibility
§ 6-3.1-24-7 Certification of qualified Indiana business; forms; fee
§ 6-3.1-24-7.5 Certification of qualified Indiana investment fund; forms
§ 6-3.1-24-8 Maximum allowable credit; notice to investors
§ 6-3.1-24-8.5 Maximum allowable credit; qualified investment fund; notice to investors
§ 6-3.1-24-11 Pass through entity; eligibility of owners, shareholders, or members for credit
§ 6-3.1-24-12 Carryover of unused tax credit; assignment of all or part of the credit
§ 6-3.1-24-12.5 Certification of investment plan; application; proof of investment within two years
§ 6-3.1-24-13 Returns; submission of certificates from Indiana economic development corporation
§ 6-3.1-24-14 Tax credit not considered a security; issuance or assignment not subject to the Indiana securities law
§ 6-3.1-24-15 Maximum annual statewide allowance for credits
lawyer at desk

Ask a legal question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

Terms Used In Indiana Code > Title 6 > Article 3.1 > Chapter 24 - Venture Capital Investment Tax Credit

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • 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.
  • in writing: include printing, lithographing, or other mode of representing words and letters. See Indiana Code 1-1-4-5
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • pass through entity: means :

    Indiana Code 6-3.1-24-1

  • qualified Indiana business: means an independently owned and operated business that is certified as a qualified Indiana business by the Indiana economic development corporation under section 7 of this chapter. See Indiana Code 6-3.1-24-2
  • qualified Indiana investment fund: means any private fund that meets the definition of a venture capital fund in 17 C. See Indiana Code 6-3.1-24-2.5
  • qualified investment capital: means debt or equity capital that is provided to a qualified Indiana business or a qualified Indiana investment fund after December 31, 2003. See Indiana Code 6-3.1-24-3
  • state tax liability: means a taxpayer's total tax liability that is incurred under:

    Indiana Code 6-3.1-24-4

  • substantial presence: means :

    Indiana Code 6-3.1-24-4.5

  • taxpayer: means an individual or entity, including a pass through entity, that has any state tax liability. See Indiana Code 6-3.1-24-5
  • veteran: includes "Hoosier veteran" and applies to the construction of all Indiana statutes, unless the construction is expressly excluded by the terms of the statute, is plainly repugnant to the intent of the general assembly or of the context of the statute, or is inconsistent with federal law. See Indiana Code 1-1-4-5
  • Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5