Indiana Code 6-3.1-35-6. Credit assignment
(b) A holder shall furnish the following to the transferee, purchaser, or assignee:
Terms Used In Indiana Code 6-3.1-35-6
- Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
(2) A declaration, on a form prescribed by the department, that states:
(A) the percentage of the state tax credit for the taxable year that was held by the transferor before the transfer;
(B) the percentage of the state tax credit for the taxable year that will be held by the transferor after the transfer;
(C) the percentage of the state tax credit for the taxable year that will be held by the transferee after the transfer; and
(D) any other information required by the department.
The percentage specified in clause (A) must equal the sum of the percentages specified in clauses (B) and (C).
(3) Copies of other documents in the possession of the transferor that relate to the transferor’s right to claim the state tax credit provided by this chapter, if any.
(c) A transferor of all or part of a state tax credit for a taxable year under this section shall report the transaction to the department in the manner prescribed by the department.
As added by P.L.137-2022, SEC.52.