Indiana § 5-34-3-1 Determination of income tax liability compared to base year

Indiana Statutes

§ 5-34-3-1 — Determination of income tax liability compared to base year

Indiana § 5-34-3-1

Title 5STATE AND LOCAL ADMINISTRATION

Art. 34INDIANA CAREER ACCELERATOR FUND

Ch. 3Financial Assistance

This text of Indiana § 5-34-3-1 (Determination of income tax liability compared to base year) 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 § 5-34-3-1 (2026).

Text

For each individual who receives a financial assistance award from the fund, the department shall, in each of the ten

(10)taxable years following the taxable year in which the individual graduates from the qualified education program, determine the difference between the individual's base year state income tax liability and the amount of state income tax liability the individual paid in that particular taxable year.

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For each individual who receives a financial
assistance award from the fund, the department shall, in each of the ten
(10) taxable years following the taxable year in which the individual
graduates from the qualified education program, determine the
difference between the individual's base year state income tax liability
and the amount of state income tax liability the individual paid in that
particular taxable year.