Indiana Code > Title 6 > Article 3.1 > Chapter 35.8 – Foster Care Support Tax Credit


§ 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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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