Indiana Code > Title 6 > Article 3.1 > Chapter 18 – Individual Development Account Tax Credit


§ 6-3.1-18-1	“Community development corporation”
§ 6-3.1-18-2	“Fund”
§ 6-3.1-18-3	“Individual development account”
§ 6-3.1-18-4	“Pass through entity”
§ 6-3.1-18-4.5	“Qualified contribution”
§ 6-3.1-18-5	“State tax liability”
§ 6-3.1-18-6	Credit; amount; calculation; application
§ 6-3.1-18-7	Application of tax credit to pass through entities; calculation
§ 6-3.1-18-8	Credit supplement; other credits
§ 6-3.1-18-9	Application for tax credit; proof of payment
§ 6-3.1-18-10	Amount of tax credits allowed
§ 6-3.1-18-11	Tax credit available only in year paid

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.
Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
fund: refers to an individual development account fund established by a community development corporation under IC 4-4-28-13. See Indiana Code 6-3.1-18-2
individual development account: has the meaning set forth in IC 4-4-28-5. See Indiana Code 6-3.1-18-3
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.
pass through entity: means :
Indiana Code 6-3.1-18-4
qualified contribution: means a contribution to a fund for which a community development corporation has received an allocation of tax credits under IC 4-4-28-13. See Indiana Code 6-3.1-18-4.5
state tax liability: means a taxpayer's total tax liability incurred under:
Indiana Code 6-3.1-18-5
Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5