§ 27-16-3-4 — Effect on tax credits and incentives

Indiana § 27-16-3-4

• Jurisdiction: Indiana
• Title 27: INSURANCE
• Art. 16: PROFESSIONAL EMPLOYER ORGANIZATIONS
• Ch. 3: Effect on Rights, Duties, and Obligations

Text

(a) For purposes of the determination of tax
credits and other economic incentives:
(1) provided by the state or another governmental entity; and
(2) based on employment;
a covered employee is considered an employee solely of the client.
(b) A client is entitled to the benefit of any tax credit, economic
incentive, or other benefit arising as the result of the employment of a
covered employee of the client.
(c) If the grant or amount of an incentive is based on the number of
employees a client employs:
(1) each client must be treated as employing only the covered
employees actually working in the client's business operations;
and
(2) covered employees working for other clients of the PEO must
not be counted.
(d) A PEO shall provide, upon request by a client or an agency or a
department of the state or of another governmental entity, employment
information:
(1) reasonably required by an agency or a department of the state
or of another governmental entity that is responsible for
administration of a tax credit or economic incentive described in
this section; and
(2) necessary;
to support a request, a claim, an application, or another action by a
client seeking a tax credit or an economic incentive.

Legislative History

As added by P.L.245-2005, SEC.7.