§ 6-3.1-40-1 Applicability
§ 6-3.1-40-2 “Physician”
§ 6-3.1-40-3 “Primary care physician”
§ 6-3.1-40-4 “State income tax liability”
§ 6-3.1-40-5 “Taxpayer”
§ 6-3.1-40-6 Credit; eligibility; amount
§ 6-3.1-40-7 Allowable years of credit
§ 6-3.1-40-8 Credit carryover; carryback or refund of unused credit; assignment prohibited
§ 6-3.1-40-9 Claiming credit on tax return; providing information for eligibility verification
§ 6-3.1-40-10 Assessments

Terms Used In Indiana Code > Title 6 > Article 3.1 > Chapter 40 - Physician Practice Ownership Tax Credit

  • 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
  • taxpayer: means an individual who:

    Indiana Code 6-3.1-40-5

  • Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5