reglab/housing_qa huggingface dataset:
IN Code § 6-3.1-18-10 (2021)
2021 Indiana Code|Title 6. Taxation|Article 3.1. State Tax Liability Credits|Chapter 18. Individual Development Account Tax Credit|6-3.1-18-10. Amount of Tax Credits Allowed

Sec. 10. (a) The amount of tax credits allowed under this chapter may not exceed two hundred thousand dollars ($200,000) in any state fiscal year.(b) The department shall:(1) record the time of filing of each application for allowance of a credit required under section 9 of this chapter; and(2) approve the applications, if they otherwise qualify for a tax credit under this chapter, in the chronological order in which the applications are filed in the state fiscal year.(c) When the total credits approved under this section equal the maximum amount allowable in any state fiscal year, an application filed after that time for the same fiscal year may not be approved. However, if an applicant for whom a credit has been approved fails to file the statement of proof of payment required under section 9 of this chapter, an amount equal to the credit previously allowed or set aside for the applicant may be allowed to any subsequent applicant in the year. In addition, the department may, if the applicant so requests, approve a credit application, in whole or in part, with respect to the next succeeding state fiscal year.As added by P.L.15-1997, SEC.2. Amended by P.L.289-2001, SEC.14.
IN Code § 6-3.1-18-11 (2021)
2021 Indiana Code|Title 6. Taxation|Article 3.1. State Tax Liability Credits|Chapter 18. Individual Development Account Tax Credit|6-3.1-18-11. Tax Credit Available Only in Year Paid

Sec. 11. A tax credit shall be allowable under this chapter only for the taxable year of the taxpayer in which the contribution qualifying for the credit is paid.As added by P.L.15-1997, SEC.2.
IN Code § 6-3.1-19-1 (2021)
2021 Indiana Code|Title 6. Taxation|Article 3.1. State Tax Liability Credits|Chapter 19. Community Revitalization Enhancement District Tax Credit|6-3.1-19-1. "State and Local Tax Liability"

Sec. 1. As used in this chapter, "state and local tax liability" means a taxpayer's total tax liability incurred under:(1) IC 6-3-1 through IC 6-3-7 (the adjusted gross income tax);(2) IC 6-3.6 (local income tax);(3) IC 6-5.5 (the financial institutions tax); and(4) IC 27-1-18-2 (the insurance premiums tax) or IC 6-8-15 (the nonprofit agricultural organization health coverage tax);as computed after the application of all credits that under IC 6-3.1-1-2 are to be applied before the credit provided by this chapter.As added by P.L.125-1998, SEC.3. Amended by P.L.192-2002(ss), SEC.113; P.L.197-2016, SEC.30; P.L.154-2020, SEC.17.
IN Code § 6-3.1-19-1.5 (2021)
2021 Indiana Code|Title 6. Taxation|Article 3.1. State Tax Liability Credits|Chapter 19. Community Revitalization Enhancement District Tax Credit|6-3.1-19-1.5. "Pass Through Entity"

Sec. 1.5. As used in this chapter, "pass through entity" means:(1) a corporation that is exempt from the adjusted gross income tax under IC 6-3-2-2.8(2);(2) a partnership;(3) a limited liability company; or(4) a limited liability partnership.As added by P.L.224-2003, SEC.194.
IN Code § 6-3.1-19-2 (2021)
2021 Indiana Code|Title 6. Taxation|Article 3.1. State Tax Liability Credits|Chapter 19. Community Revitalization Enhancement District Tax Credit|6-3.1-19-2. "Qualified Investment"

Sec. 2. (a) As used in this chapter, "qualified investment" means the amount of a taxpayer's expenditures that is:(1) for redevelopment or rehabilitation of property located within a community revitalization enhancement district designated under IC 36-7-13;(2) made under a plan adopted by an advisory commission on industrial development under IC 36-7-13; and(3) approved by the Indiana economic development corporation before the expenditure is made.Beginning after December 31, 2015, the term does not include a taxpayer's expenditures made on property that is classified as residential for property tax purposes, except for expenditures that were approved by the Indiana economic development corporation before January 1, 2016.(b) Notwithstanding subsection (a)(1), expenditures for the redevelopment or rehabilitation of property that are made after the expiration of the community revitalization district designated under IC 36-7-13 may still be considered a qualified investment if:(1) subsection (a)(2) and (a)(3) are satisfied;(2) the Indiana economic development corporation approves the taxpayer's application for a credit before the expiration of the community revitalization enhancement district; and(3) the taxpayer enters into an agreement with the Indiana economic development corporation not later than one (1) year after the expiration of the community revitalization enhancement district.As added by P.L.125-1998, SEC.3. Amended by P.L.4-2005, SEC.94; P.L.250-2015, SEC.28; P.L.158-2019, SEC.12.
IN Code § 6-3.1-19-2.5 (2021)
2021 Indiana Code|Title 6. Taxation|Article 3.1. State Tax Liability Credits|Chapter 19. Community Revitalization Enhancement District Tax Credit|6-3.1-19-2.5. "Taxpayer"

Sec. 2.5. As used in this chapter, "taxpayer" means an individual or entity that has any state and local tax liability.As added by P.L.224-2003, SEC.195.
IN Code § 6-3.1-19-3 (2021)
2021 Indiana Code|Title 6. Taxation|Article 3.1. State Tax Liability Credits|Chapter 19. Community Revitalization Enhancement District Tax Credit|6-3.1-19-3. Entitlement to Credit; Amount; Assignment

Sec. 3. (a) Except as provided in section 5 of this chapter, a taxpayer is entitled to a credit against the taxpayer's state and local tax liability for a taxable year if the taxpayer makes a qualified investment in that year.(b) The amount of the credit to which a taxpayer is entitled is the qualified investment made by the taxpayer during the taxable year multiplied by twenty-five percent (25%).(c) A taxpayer may assign any part of the credit to which the taxpayer is entitled under this chapter to a lessee of property redeveloped or rehabilitated under section 2 of this chapter. A credit that is assigned under this subsection remains subject to this chapter.(d) An assignment under subsection (c) must be in writing and both the taxpayer and the lessee must report the assignment on their state tax return for the year in which the assignment is made, in the manner prescribed by the department. The taxpayer may not receive value in connection with the assignment under subsection (c) that exceeds the value of the part of the credit assigned.(e) If a pass through entity is entitled to a credit under this chapter but does not have state and local tax liability against which the tax credit may be applied, a shareholder, partner, or member of the pass through entity is entitled to a tax credit equal to:(1) the tax credit determined for the pass through entity for the taxable year; multiplied by(2) the percentage of the pass through entity's distributive income to which the shareholder, partner, or member is entitled.The credit provided under this subsection is in addition to a tax credit to which a shareholder, partner, or member of a pass through entity is otherwise entitled under this chapter. However, a pass through entity and an individual who is a shareholder, partner, or member of the pass through entity may not claim more than one (1) credit for the same investment.(f) A taxpayer that is otherwise entitled to a credit under this chapter for a taxable year may claim the credit regardless of whether any income tax incremental amount or gross retail incremental amount has been:(1) deposited in the incremental tax financing fund established for the community revitalization enhancement district; or(2) allocated to the district.As added by P.L.125-1998, SEC.3. Amended by P.L.224-2003, SEC.196; P.L.81-2004, SEC.29 and P.L.90-2004, SEC.1; P.L.113-2010, SEC.59; P.L.172-2011, SEC.64.
IN Code § 6-3.1-19-4 (2021)
2021 Indiana Code|Title 6. Taxation|Article 3.1. State Tax Liability Credits|Chapter 19. Community Revitalization Enhancement District Tax Credit|6-3.1-19-4. Credit Carryover; Carryback or Refund Unavailable

Sec. 4. If the amount of the credit determined under section 3 of this chapter for a taxable year exceeds the taxpayer's state tax liability for that taxable year, the taxpayer may carry the excess over to the immediately following taxable years. The amount of the credit carryover from a taxable year shall be reduced to the extent that the carryover is used by the taxpayer to obtain a credit under this chapter for any subsequent taxable year. A taxpayer is not entitled to a carryback or refund of any unused credit.As added by P.L.125-1998, SEC.3.
IN Code § 6-3.1-19-6 (2021)
2021 Indiana Code|Title 6. Taxation|Article 3.1. State Tax Liability Credits|Chapter 19. Community Revitalization Enhancement District Tax Credit|6-3.1-19-6. Method of Claiming Credit; Submission of Information

Sec. 6. To receive the credit provided by this section, a taxpayer must claim the credit on the taxpayer's annual state tax return or returns in the manner prescribed by the department of state revenue. The taxpayer shall submit to the department of state revenue all information that the department determines is necessary for the calculation of the credit provided by this chapter and for the determination of whether an expenditure was for a qualified investment.As added by P.L.125-1998, SEC.3.
IN Code § 6-3.1-20-1 (2021)
2021 Indiana Code|Title 6. Taxation|Article 3.1. State Tax Liability Credits|Chapter 20. Income Tax Credit for Property Taxes Paid on Homesteads|6-3.1-20-1. "Indiana Income"

Sec. 1. As used in this chapter, "Indiana income" means the adjusted gross income of an individual taxpayer, and the individual's spouse, if the individual files a joint adjusted gross income tax return.As added by P.L.151-2001, SEC.5. Amended by P.L.166-2014, SEC.22.
IN Code § 6-3.1-20-2 (2021)
2021 Indiana Code|Title 6. Taxation|Article 3.1. State Tax Liability Credits|Chapter 20. Income Tax Credit for Property Taxes Paid on Homesteads|6-3.1-20-2. "Homestead"

Sec. 2. As used in this chapter, "homestead" has the meaning set forth in IC 6-1.1-12-37.As added by P.L.151-2001, SEC.5. Amended by P.L.1-2009, SEC.51.
IN Code § 6-3.1-20-3 (2021)
2021 Indiana Code|Title 6. Taxation|Article 3.1. State Tax Liability Credits|Chapter 20. Income Tax Credit for Property Taxes Paid on Homesteads|6-3.1-20-3. "State Income Tax Liability"

Sec. 3. As used in this chapter, "state income tax liability" means an individual's adjusted gross income tax liability under IC 6-3.As added by P.L.151-2001, SEC.5.
IN Code § 6-3.1-20-4 (2021)
2021 Indiana Code|Title 6. Taxation|Article 3.1. State Tax Liability Credits|Chapter 20. Income Tax Credit for Property Taxes Paid on Homesteads|6-3.1-20-4. Entitlement to Credit

Sec. 4. (a) Except as provided in subsections (b) and (c), an individual is entitled to a credit under this chapter if:(1) the individual's Indiana income for the taxable year is less than eighteen thousand six hundred dollars ($18,600); and(2) the individual pays property taxes in the taxable year on a homestead that:(A) the individual:(i) owns; or(ii) is buying under a contract that requires the individual to pay property taxes on the homestead, if the contract or a memorandum of the contract is recorded in the county recorder's office; and(B) is located in a county having a population of more than four hundred thousand (400,000) but less than seven hundred thousand (700,000).(b) An individual is not entitled to a credit under this chapter for a taxable year for property taxes paid on the individual's homestead if the individual claims the deduction under IC 6-3-1-3.5(a)(13) for the homestead for that same taxable year.(c) In the case of a married individual filing a separate return, the income amount in subsection (a) shall be fifty percent (50%) of the amount listed in that subsection.As added by P.L.151-2001, SEC.5. Amended by P.L.6-2012, SEC.53; P.L.13-2013, SEC.22; P.L.166-2014, SEC.23; P.L.250-2015, SEC.29; P.L.146-2020, SEC.29.
IN Code § 6-3.1-20-5 (2021)
2021 Indiana Code|Title 6. Taxation|Article 3.1. State Tax Liability Credits|Chapter 20. Income Tax Credit for Property Taxes Paid on Homesteads|6-3.1-20-5. Amount of Credit

Sec. 5. (a) Each year, an individual described in section 4 of this chapter is entitled to a refundable credit against the individual's state income tax liability in the amount determined under this section.(b) In the case of an individual with Indiana income of less than eighteen thousand dollars ($18,000) for the taxable year, the amount of the credit is equal to the lesser of:(1) three hundred dollars ($300); or(2) the amount of property taxes described in section 4(a)(2) of this chapter paid by the individual in the taxable year.(c) In the case of an individual with Indiana income that is at least eighteen thousand dollars ($18,000) but less than eighteen thousand six hundred dollars ($18,600) for the taxable year, the amount of the credit is equal to the lesser of the following:(1) An amount determined under the following STEPS:STEP ONE: Determine the result of:(i) eighteen thousand six hundred dollars ($18,600); minus(ii) the individual's Indiana income for the taxable year.STEP TWO: Determine the result of:(i) the STEP ONE amount; multiplied by(ii) five-tenths (0.5).(2) The amount of property taxes described in section 4(a)(2) of this chapter paid by the individual in the taxable year.(d) If the amount of the credit under this chapter exceeds the individual's state tax liability for the taxable year, the excess shall be refunded to the taxpayer.(e) In the case of a married individual filing a separate return, the income and dollar amounts in subsections (b) and (c) shall be fifty percent (50%) of the amounts listed in those subsections.As added by P.L.151-2001, SEC.5. Amended by P.L.1-2002, SEC.31; P.L.166-2014, SEC.24; P.L.146-2020, SEC.30.
IN Code § 6-3.1-20-6 (2021)
2021 Indiana Code|Title 6. Taxation|Article 3.1. State Tax Liability Credits|Chapter 20. Income Tax Credit for Property Taxes Paid on Homesteads|6-3.1-20-6. Filing With Department Required

Sec. 6. To obtain the credit provided by this chapter, an individual must file with the department information concerning the property taxes paid on the individual's homestead and any other information required by the department.As added by P.L.151-2001, SEC.5.
IN Code § 6-3.1-20-7 (2021)
2021 Indiana Code|Title 6. Taxation|Article 3.1. State Tax Liability Credits|Chapter 20. Income Tax Credit for Property Taxes Paid on Homesteads|6-3.1-20-7. Amount of Credits Determined by Department and Deposited in State General Fund; Transfers to Northwest Indiana Regional Development Authority

Sec. 7. (a) The department shall before July 1 of each year determine the following:(1) The greater of:(A) eight million five hundred thousand dollars ($8,500,000); or(B) the amount of credits allowed under this chapter for taxable years ending before January 1 of the year.(2) The quotient of:(A) the amount determined under subdivision (1); divided by(B) four (4).(b) Except as provided in subsection (d), one-half (1/2) of the amount determined by the department under subsection (a)(2) shall be:(1) deducted each quarter from the riverboat supplemental wagering tax revenue otherwise payable to the county under IC 4-33-12-8 and the supplemental distribution otherwise payable to the county under IC 4-33-13-5(f); and(2) paid instead to the state general fund.(c) Except as provided in subsection (d), one-sixth (1/6) of the amount determined by the department under subsection (a)(2) shall be:(1) deducted each quarter from the riverboat supplemental wagering tax revenue otherwise payable under IC 4-33-12-8 and the supplemental distribution otherwise payable under IC 4-33-13-5(f) to each of the following:(A) The largest city by population located in the county.(B) The second largest city by population located in the county.(C) The third largest city by population located in the county; and(2) paid instead to the state general fund.(d) If the amount determined by the department under subsection (a)(1)(B) is less than eight million five hundred thousand dollars ($8,500,000), the difference of:(1) eight million five hundred thousand dollars ($8,500,000); minus(2) the amount determined by the department under subsection (a)(1)(B);shall be paid in four (4) equal quarterly payments to the northwest Indiana regional development authority established by IC 36-7.5-2-1 instead of the state general fund. Any amounts paid under this subsection shall be used by the northwest Indiana regional development authority only to establish or improve public mass rail transportation systems in Lake County.As added by P.L.151-2001, SEC.5. Amended by P.L.178-2002, SEC.51; P.L.166-2014, SEC.25; P.L.192-2015, SEC.4; P.L.255-2015, SEC.59; P.L.204-2016, SEC.26; P.L.108-2019, SEC.122; P.L.293-2019, SEC.44; P.L.156-2020, SEC.24.
IN Code § 6-3.1-21-1 (2021)
2021 Indiana Code|Title 6. Taxation|Article 3.1. State Tax Liability Credits|Chapter 21. Earned Income Tax Credit|6-3.1-21-1. Creation of Credit

Sec. 1. This chapter creates the Indiana earned income tax credit.As added by P.L.273-1999, SEC.227.
IN Code § 6-3.1-21-6 (2021)
2021 Indiana Code|Title 6. Taxation|Article 3.1. State Tax Liability Credits|Chapter 21. Earned Income Tax Credit|6-3.1-21-6. Credit; Amount; Calculation; Eligible Persons; Determination of Taxpayer's Earned Income; Cost of Living Adjustments Under the Internal Revenue Code

     Note: This version of section effective until 1-1-2022. See also following version of this section, effective 1-1-2022.Sec. 6. (a) Except as provided by subsections (b), (d), and (e), an individual who is eligible for an earned income tax credit under Section 32 of the Internal Revenue Code as it existed before being amended by the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (P.L. 111-312), is eligible for a credit under this chapter equal to nine percent (9%) of the amount of the federal earned income tax credit that the individual:(1) is eligible to receive in the taxable year; and(2) claimed for the taxable year;under Section 32 of the Internal Revenue Code as it existed before being amended by the Tax Relief. Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (P.L. 111-312).(b) In the case of a nonresident taxpayer or a resident taxpayer residing in Indiana for a period of less than the taxpayer's entire taxable year, the amount of the credit is equal to the product of:(1) the amount determined under subsection (a); multiplied by(2) the quotient of the taxpayer's income taxable in Indiana divided by the taxpayer's total income.(c) If the credit amount exceeds the taxpayer's adjusted gross income tax liability for the taxable year, the excess shall be refunded to the taxpayer.(d) If a taxpayer properly elects to determine the taxpayer's earned income in accordance with the federal Bipartisan Budget Act of 2018 for purposes of the credit under Section 32 of the Internal Revenue Code for a taxable year beginning after December 31, 2016, the election shall be treated as being made for purposes of the credit under this chapter.(e) The minimum earned income amounts and phaseout threshold amounts for the credit under this section are subject to the same cost of living adjustments provided in the Internal Revenue Code.As added by P.L.273-1999, SEC.227. Amended by P.L.192-2002(ss), SEC.114; P.L.131-2008, SEC.17; P.L.146-2008, SEC.325; P.L.1-2009, SEC.52; P.L.229-2011, SEC.87; P.L.242-2015, SEC.23; P.L.214-2018(ss), SEC.11.
IN Code § 6-3.1-21-6-b (2021)
2021 Indiana Code|Title 6. Taxation|Article 3.1. State Tax Liability Credits|Chapter 21. Earned Income Tax Credit|6-3.1-21-6-b. Credit; Amount; Calculation; Eligible Persons; Determination of Taxpayer's Earned Income; Cost of Living Adjustments Under the Internal Revenue Code

     Note: This version of section effective 1-1-2022. See also preceding version of this section, effective until 1-1-2022.Sec. 6. (a) Except as provided by subsections (b), (d), and (e), an individual who is eligible for an earned income tax credit under Section 32 of the Internal Revenue Code as it existed before being amended by the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (P.L. 111-312), is eligible for a credit under this chapter equal to ten percent (10%) of the amount of the federal earned income tax credit that the individual:(1) is eligible to receive in the taxable year; and(2) claimed for the taxable year;under Section 32 of the Internal Revenue Code as it existed before being amended by the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (P.L. 111-312).(b) In the case of a nonresident taxpayer or a resident taxpayer residing in Indiana for a period of less than the taxpayer's entire taxable year, the amount of the credit is equal to the product of:(1) the amount determined under subsection (a); multiplied by(2) the quotient of the taxpayer's income taxable in Indiana divided by the taxpayer's total income.(c) If the credit amount exceeds the taxpayer's adjusted gross income tax liability for the taxable year, the excess shall be refunded to the taxpayer.(d) If a taxpayer properly elects to determine the taxpayer's earned income in accordance with the federal Bipartisan Budget Act of 2018 for purposes of the credit under Section 32 of the Internal Revenue Code for a taxable year beginning after December 31, 2016, the election shall be treated as being made for purposes of the credit under this chapter.(e) The minimum earned income amounts and phaseout threshold amounts for the credit under this section are subject to the same cost of living adjustments provided in the Internal Revenue Code.As added by P.L.273-1999, SEC.227. Amended by P.L.192-2002(ss), SEC.114; P.L.131-2008, SEC.17; P.L.146-2008, SEC.325; P.L.1-2009, SEC.52; P.L.229-2011, SEC.87; P.L.242-2015, SEC.23; P.L.214-2018(ss), SEC.11; P.L.168-2021, SEC.1.
IN Code § 6-3.1-21-8 (2021)
2021 Indiana Code|Title 6. Taxation|Article 3.1. State Tax Liability Credits|Chapter 21. Earned Income Tax Credit|6-3.1-21-8. Claim for Credit on Return; Submission of Information

Sec. 8. To obtain a credit under this chapter, a taxpayer must claim the credit in the manner prescribed by the department of state revenue. The taxpayer shall submit to the department of state revenue all information that the department of state revenue determines is necessary for the calculation of the credit provided by this chapter.As added by P.L.273-1999, SEC.227. Amended by P.L.192-2002(ss), SEC.115; P.L.172-2011, SEC.65; P.L.242-2015, SEC.24.
IN Code § 6-3.1-21-9 (2021)
2021 Indiana Code|Title 6. Taxation|Article 3.1. State Tax Liability Credits|Chapter 21. Earned Income Tax Credit|6-3.1-21-9. Application of Credit to Tanf

Sec. 9. (a) The division of family resources shall apply the refundable portion of the credits provided under this chapter as expenditures toward Indiana's maintenance of effort under the federal Temporary Assistance for Needy Families (TANF) program (45 CFR 265).(b) The department of state revenue shall collect and provide the data requested by the division of family resources that is necessary to comply with this section.As added by P.L.273-1999, SEC.227. Amended by P.L.145-2006, SEC.17; P.L.1-2009, SEC.53.
IN Code § 6-3.1-22-2 (2021)
2021 Indiana Code|Title 6. Taxation|Article 3.1. State Tax Liability Credits|Chapter 22. Residential Historic Rehabilitation Credit|6-3.1-22-2. "Office"

Sec. 2. As used in this chapter, "office" means the office of community and rural affairs established by IC 4-4-9.7-4.As added by P.L.129-2001, SEC.7. Amended by P.L.166-2014, SEC.27.
IN Code § 6-3.1-22-3 (2021)
2021 Indiana Code|Title 6. Taxation|Article 3.1. State Tax Liability Credits|Chapter 22. Residential Historic Rehabilitation Credit|6-3.1-22-3. "Preservation"

Sec. 3. (a) As used in this chapter, "preservation" means the application of measures to sustain the form, integrity, and material of:(1) a building or structure; or(2) the form and vegetative cover of property.(b) The term includes stabilization work and the maintenance of historic building materials.As added by P.L.129-2001, SEC.7.