Terms Used In Indiana Code > Title 6 > Article 3.1 > Chapter 9 - Neighborhood Assistance Credits

• authority: means the Indiana housing and community development authority established by IC 5-20-1-3. See Indiana Code 6-3.1-9-1
• business firm: means any business entity authorized to do business in the state of Indiana that has state tax liability. See Indiana Code 6-3.1-9-1
• community services: means any type of:

  Indiana Code 6-3.1-9-1

• 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.
• crime prevention: means any activity which aids in the reduction of crime in an economically disadvantaged area or an economically disadvantaged household. See Indiana Code 6-3.1-9-1
• economically disadvantaged area: means an enterprise zone, or any other federally or locally designated economically disadvantaged area in Indiana. See Indiana Code 6-3.1-9-1
• economically disadvantaged household: means a household with an annual income that is at or below eighty percent (80%) of the area median income or any other federally designated target population. See Indiana Code 6-3.1-9-1
• education: means any type of scholastic instruction or scholarship assistance to an individual who:

  Indiana Code 6-3.1-9-1

• enterprise zone: means an enterprise zone created under IC 5-28-15. See Indiana Code 6-3.1-9-1
• Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
• job training: means any type of instruction to an individual who:

  Indiana Code 6-3.1-9-1

• Month: means a calendar month, unless otherwise expressed. See Indiana Code 1-1-4-5
• neighborhood assistance: means either:

  Indiana Code 6-3.1-9-1

• neighborhood organization: means any organization, including but not limited to a nonprofit development corporation doing both of the following:

  Indiana Code 6-3.1-9-1

• 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 any individual subject to Indiana adjusted gross income tax. See Indiana Code 6-3.1-9-1
• Population: has the meaning set forth in Indiana Code 1-1-4-5
• Probation: A sentencing alternative to imprisonment in which the court releases convicted defendants under supervision as long as certain conditions are observed.
• state fiscal year: means a twelve (12) month period beginning on July 1 and ending on June 30. See Indiana Code 6-3.1-9-1
• state tax liability: means the taxpayer's total tax liability that is incurred under:

  Indiana Code 6-3.1-9-1

• tax credit: means a deduction from any tax otherwise due and payable under IC 6-3 or Indiana Code 6-3.1-9-1
• United States: includes the District of Columbia and the commonwealths, possessions, states in free association with the United States, and the territories. See Indiana Code 1-1-4-5
• Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5