Indiana Code 6-3.1-40-5. “Taxpayer”
Current as of: 2023 | Check for updates
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Sec. 5. As used in this chapter, “taxpayer” means an individual who:
(2) has an ownership interest in a corporation, limited liability company, partnership, or other legal entity organized to provide primary health care services as a physician owned entity;
(1) is a physician practicing as a primary care physician;
Terms Used In Indiana Code 6-3.1-40-5
- 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.
- 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.
- physician: means an individual who is licensed to practice medicine in Indiana under Indiana Code 6-3.1-40-2
- primary care physician: refers to a physician practicing in one (1) or more of the following:
Indiana Code 6-3.1-40-3
- state income tax liability: means the taxpayer's total tax liability that is incurred under IC 6-3-1 through IC 6-3-7 (the adjusted gross income tax), as computed after the application of the credits that, under Indiana Code 6-3.1-40-4
(3) is not employed by a health system (as defined in IC 16-18-2-168.5); and
(4) has any state income tax liability.
As added by P.L.203-2023, SEC.3.