Indiana Statutes
§ 12-15-7-5 — Retention of amount equal to individual's state and local income tax liability; monthly limitation; exemption from income eligibility consideration; use of amount retained
Indiana § 12-15-7-5
This text of Indiana § 12-15-7-5 (Retention of amount equal to individual's state and local income tax liability; monthly limitation; exemption from income eligibility consideration; use of amount retained) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Ind. Code § 12-15-7-5 (2026).
Text
(a)In addition to the amount that may be
retained as a personal allowance under this chapter, an individual is
allowed to retain an amount equal to the individual's state and local
income tax liability.
(b)The amount that may be retained during a month may not exceed
one-third (1/3) of the individual's state and local income tax liability for
the calendar quarter in which the month occurs. This amount is exempt
from income eligibility consideration by the office.
(c)The amount retained under this section must be used by the
individual to pay any state or local income taxes owed.
[Pre-1992 Revision Citation: 12-1-7-21(d).]
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Legislative History
As added by P.L.2-1992, SEC.9.
Nearby Sections
15
§ 12-10-1-1
Establishment of bureau§ 12-10-1-2
Purpose§ 12-10-1-3
Administration of programs§ 12-10-1-4
Duties§ 12-10-1-5
Coordination of services with area agencies§ 12-10-1-6
Area agencies; duties; coverage area changes§ 12-10-10-1
"Case management"§ 12-10-10-1.5
"Activities of daily living"§ 12-10-10-10
Services funding; source§ 12-10-10-12
Negotiation of reimbursement rates§ 12-10-10-2
"Community and home care services"Cite This Page — Counsel Stack
Bluebook (online)
Indiana § 12-15-7-5, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/12-15-7-5.