Indiana Code 6-3.1-35.8-4. Application process; proof of payment; approval of a qualified foster care organization
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Sec. 4. (a) Any business firm or person that desires to claim a tax credit as provided in this chapter shall file with the department, in the form that the department may prescribe, an application stating the amount of the contribution or investment that it made that would qualify for a tax credit, proof of payment of the contribution, the amount sought to be claimed as a credit, and any other information that the department determines is necessary to determine whether the business firm or person is eligible for the credit.
(1) approved for the tax credit; or
(b) The department shall notify the applicant not later than forty-five (45) days after the department receives an application for a tax credit under subsection (a) that the applicant has been:
Terms Used In Indiana Code 6-3.1-35.8-4
- foster care: means living in a place licensed under IC 31-27. See Indiana Code 6-3.1-35.8-1
- 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 foster care organization: means an organization that meets the following qualifications:
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
(2) denied the tax credit.
(c) An organization must apply to the department of child services for approval as a qualifying foster care organization for purposes of this chapter. The department of child services shall approve each organization applicant that is a qualifying foster care organization as defined in section 1(d) of this chapter and provide a list of each approved organization annually to the department before January 1 of each year.
As added by P.L.165-2021, SEC.91. Amended by P.L.97-2023, SEC.4.