Indiana Code 6-3.1-39.5-3. “Qualified child care expenditure”
Current as of: 2023 | Check for updates
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Sec. 3. As used in this chapter, “qualified child care expenditure” means an expenditure:
(2) incurred under a contract between a taxpayer and an Indiana qualified child care facility to provide for the acquisition, construction, rehabilitation, or expansion of property used as part of the Indiana qualified child care facility; or
(1) for the acquisition, construction, rehabilitation, or expansion of property used as part of an Indiana qualified child care facility of a taxpayer that is operated for the taxpayer’s employees;
Terms Used In Indiana Code 6-3.1-39.5-3
- Contract: A legal written agreement that becomes binding when signed.
- Indiana qualified child care facility: means a facility that is:
Indiana Code 6-3.1-39.5-1
- Property: includes personal and real property. See Indiana Code 1-1-4-5
- taxpayer: means any person, corporation, limited liability company, partnership, or other entity that has any state tax liability and employs one hundred (100) individuals or less. See Indiana Code 6-3.1-39.5-7
(3) for purposes of complying with the qualified child care facility licensure requirements under IC 12-17.2, as part of the taxpayer acquiring or constructing an Indiana qualified child care facility.
As added by P.L.201-2023, SEC.103.