§ 6-3.1-40.9-1 “Affordable housing organization”
§ 6-3.1-40.9-2 “Corporation”
§ 6-3.1-40.9-3 “Credit”
§ 6-3.1-40.9-4 “Pass through entity”
§ 6-3.1-40.9-5 “State tax liability”
§ 6-3.1-40.9-6 “Taxpayer”
§ 6-3.1-40.9-7 Entitlement to credit
§ 6-3.1-40.9-8 Amount of credit
§ 6-3.1-40.9-9 Carry forward of credit
§ 6-3.1-40.9-10 Shareholder, partner, or member entitled to credit
§ 6-3.1-40.9-11 Application for approval as an affordable housing organization
§ 6-3.1-40.9-12 Claiming the credit
§ 6-3.1-40.9-13 Maximum amount of credits
§ 6-3.1-40.9-14 Information concerning the credit on the department website
§ 6-3.1-40.9-15 Adoption of rules
§ 6-3.1-40.9-16 Expiration

Terms Used In Indiana Code > Title 6 > Article 3.1 > Chapter 40.9 - Attainable Homeownership Tax Credit

  • affordable housing organization: refers to an organization that:

    Indiana Code 6-3.1-40.9-1

  • corporation: means the Indiana economic development corporation established by IC 5-28-3-1. See Indiana Code 6-3.1-40.9-2
  • 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.
  • credit: refers to a credit granted under this chapter. See Indiana Code 6-3.1-40.9-3
  • 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.
  • pass through entity: has the meaning set forth in IC 6-3-1-35. See Indiana Code 6-3.1-40.9-4
  • state tax liability: means a taxpayer's total tax liability that is incurred under:

    Indiana Code 6-3.1-40.9-5

  • taxpayer: means an individual or entity that has any state tax liability. See Indiana Code 6-3.1-40.9-6
  • Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5