Indiana Code 6-5.5-6-1. Annual returns required
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Sec. 1. Annual returns with respect to the tax imposed by this article shall be made by every taxpayer:
(2) that would have had adjusted gross income or apportioned income subject to taxation under this article, but had a loss for that taxable year.
(1) having for the taxable year adjusted gross income or apportioned income subject to taxation under this article; or
Terms Used In Indiana Code 6-5.5-6-1
- gross income: includes income from interest, fees, penalties, a market discount or other type of discount, rental income, the gain on a sale of intangible or other property evidencing a loan or extension of credit, and dividends or other income received as a means of furthering the activities set out in this subdivision. See Indiana Code 6-5.5-1-17
- Taxpayer: means a corporation that is transacting the business of a financial institution in Indiana, including any of the following:
Indiana Code 6-5.5-1-17
- Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
However, taxpayer members of a unitary group are required to file only one (1) return covering all members of the unitary group. The taxpayer member that files the return may be designated by the members of the unitary group pursuant to consents executed by each member. Each taxpayer member of a unitary group is jointly and severally liable for the tax liability of all members of the unitary group.
As added by P.L.347-1989(ss), SEC.1. Amended by P.L.68-1991, SEC.14.