Indiana Code 6-3.1-40.9-8. Amount of credit
Current as of: 2023 | Check for updates
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Terms Used In Indiana Code 6-3.1-40.9-8
- affordable housing organization: refers to an organization that:
Indiana Code 6-3.1-40.9-1
- credit: refers to a credit granted under this chapter. See Indiana Code 6-3.1-40.9-3
- taxpayer: means an individual or entity that has any state tax liability. See Indiana Code 6-3.1-40.9-6
Sec. 8. The amount of a taxpayer‘s credit is equal to fifty percent (50%) of the amount of the contribution that is not more than twenty thousand dollars ($20,000) made to the affordable housing organization.
As added by P.L.201-2023, SEC.104.