§ 6-3-1-1 Short title
§ 6-3-1-2 Construction of definitions
§ 6-3-1-2.5 “Armed forces of the United States”
§ 6-3-1-2.7 “National Guard”
§ 6-3-1-3.5 “Adjusted gross income”
§ 6-3-1-3.7 Expired
§ 6-3-1-4 “Department”
§ 6-3-1-5 “Employer”
§ 6-3-1-6 “Employee”
§ 6-3-1-7 “Fiduciary”
§ 6-3-1-8 “Gross income”
§ 6-3-1-9 “Individual”
§ 6-3-1-10 “Corporation”
§ 6-3-1-11 “Internal Revenue Code”
§ 6-3-1-12 “Resident”
§ 6-3-1-13 “Nonresident”
§ 6-3-1-14 “Person”
§ 6-3-1-15 “Taxpayer”
§ 6-3-1-16 “Taxable year”
§ 6-3-1-19 “Partnership” and “partner”
§ 6-3-1-20 “Business income”
§ 6-3-1-21 “Nonbusiness income”
§ 6-3-1-22 “Commercial domicile”
§ 6-3-1-23 “Compensation”
§ 6-3-1-24 “Sales”
§ 6-3-1-25 “State”
§ 6-3-1-26 “Foreign corporation”
§ 6-3-1-27 “United States”
§ 6-3-1-28 “Combined income tax return”
§ 6-3-1-29 “Eligible individual”
§ 6-3-1-30 “Holocaust victim’s settlement payment”
§ 6-3-1-31 “Victim of the September 11 terrorist attack”
§ 6-3-1-32 “September 11 terrorist attack settlement payment”
§ 6-3-1-33 “Bonus depreciation”
§ 6-3-1-34 “Qualified military income”
§ 6-3-1-34.5 “Captive real estate investment trust”
§ 6-3-1-35 “Pass through entity”
§ 6-3-1-36 “Eligible community foundation”
§ 6-3-1-37 “Telecommunication services”
§ 6-3-1-38 “Broadcast services”
§ 6-3-1-39 “Preliminary federal net operating loss”
§ 6-3-1-40 “Separately stated net operating loss”
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Terms Used In Indiana Code > Title 6 > Article 3 > Chapter 1 - Definitions

  • adjusted gross income: shall mean the following:

         (a) In the case of all individuals, "adjusted gross income" (as defined in Section 62 of the Internal Revenue Code), modified as follows:

    Indiana Code 6-3-1-3.5

  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • bonus depreciation: means an amount equal to that part of any depreciation allowance allowed in computing the taxpayer's federal adjusted gross income or federal taxable income that is attributable to the additional first-year special depreciation allowance (bonus depreciation) for qualified property allowed under Section 168(k) of the Internal Revenue Code, including the special depreciation allowance for 50-percent bonus depreciation property. See Indiana Code 6-3-1-33
  • 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.
  • corporation: includes all corporations, associations, real estate investment trusts (as defined in the Internal Revenue Code), joint stock companies, whether organized for profit or not-for-profit, any receiver, trustee or conservator thereof, business trusts, Massachusetts trusts, any proprietorship or partnership taxable under Section 1361 of the Internal Revenue Code, and any publicly traded partnership that is treated as a corporation for federal income tax purposes under Section 7704 of the Internal Revenue Code. See Indiana Code 6-3-1-10
  • Dependent: A person dependent for support upon another.
  • eligible community foundation: means an organization that:

    Indiana Code 6-3-1-36

  • eligible individual: means :

    Indiana Code 6-3-1-29

  • Executor: A male person named in a will to carry out the decedent
  • Fiduciary: A trustee, executor, or administrator.
  • Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
  • minor: means a person less than eighteen (18) years of age. See Indiana Code 1-1-4-5
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • 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 6-3-1-35

  • Property: includes personal and real property. See Indiana Code 1-1-4-5
  • Public law: A public bill or joint resolution that has passed both chambers and been enacted into law. Public laws have general applicability nationwide.
  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
  • Statute: A law passed by a legislature.
  • Trustee: A person or institution holding and administering property in trust.
  • 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