§ 6-3.1-35.8-1 Definitions
§ 6-3.1-35.8-2 Eligible persons
§ 6-3.1-35.8-3 Amount of credit; pass through entities
§ 6-3.1-35.8-4 Application process; proof of payment; approval of a qualified foster care organization
§ 6-3.1-35.8-5 Annual aggregate credit limit
§ 6-3.1-35.8-6 Unused credits
§ 6-3.1-35.8-6.1 Information posted by the department
§ 6-3.1-35.8-7 Applicable tax years
§ 6-3.1-35.8-8 Expiration

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Terms Used In Indiana Code > Title 6 > Article 3.1 > Chapter 35.8 - Foster Care Support Tax Credit

  • 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.
  • foster care: means living in a place licensed under IC 31-27. See Indiana Code 6-3.1-35.8-1
  • 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.
  • person: means an individual, a corporation, a limited liability company, a partnership, or another legal entity. See Indiana Code 6-3.1-35.8-1
  • qualifying contribution: means a monetary payment made by a person to the insuring foster youth trust fund established by Indiana Code 6-3.1-35.8-1
  • qualifying foster care organization: means an organization that meets the following qualifications:

    Indiana Code 6-3.1-35.8-1

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

    Indiana Code 6-3.1-35.8-1

  • tax credit: means a deduction from any tax otherwise due under IC 6-3 or Indiana Code 6-3.1-35.8-1
  • Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5