Indiana § 6-3-3-13 Adoption credit

Indiana Statutes

§ 6-3-3-13 — Adoption credit

Indiana § 6-3-3-13

Art. 3STATE INCOME TAXES

Ch. 3Credits

This text of Indiana § 6-3-3-13 (Adoption credit) 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 § 6-3-3-13 (2026).

Text

(a)This section applies only to taxable years beginning after December 31, 2014.

(b)Each taxable year, an individual who is eligible to claim the credit provided by Section 23 of the Internal Revenue Code on the individual's federal return for the taxable year is entitled to a credit against the individual's adjusted gross income tax liability for the taxable year equal to the lesser of:

(1)the amount of the credit allowable under Section 23 of the Internal Revenue Code for each eligible child on the individual's federal return for the taxable year multiplied by twenty percent (20%); or

(2)two thousand five hundred dollars ($2,500) for each eligible child.

(c)If the amount of the credit under this section exceeds the taxpayer's state income tax liability for the taxable year, the exce

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(a) This section applies only to taxable years
beginning after December 31, 2014.
(b) Each taxable year, an individual who is eligible to claim the
credit provided by Section 23 of the Internal Revenue Code on the
individual's federal return for the taxable year is entitled to a credit
against the individual's adjusted gross income tax liability for the
taxable year equal to the lesser of:
(1) the amount of the credit allowable under Section 23 of the
Internal Revenue Code for each eligible child on the individual's
federal return for the taxable year multiplied by twenty percent
(20%); or
(2) two thousand five hundred dollars ($2,500) for each eligible
child.
(c) If the amount of the credit under this section exceeds the
taxpayer's state income tax liability for the taxable year, the excess
shall be refunded to the taxpayer.
(d) If all or part of the credit allowed under Section 23 of the
Internal Revenue Code for a taxable year beginning after December 31,
2014, is required to be claimed in, or carried forward to, a taxable year
after the taxable year in which the credit is first allowed, the part
carried forward and allowed to be claimed as a credit shall be treated
as allowable under subsection (b), however, to the extent that a portion
of a taxpayer's federal credit under Section 23 of the Internal Revenue
Code is carried forward to a subsequent taxable year, the aggregate
sum of credits claimed by the taxpayer under this section over the
applicable taxable years may not exceed two thousand five hundred
dollars ($2,500). A credit first allowed under Section 23 of the Internal
Revenue Code for a taxable year beginning before January 1, 2015, and
required to be claimed in, or carried forward to, a taxable year after the
taxable year in which the credit is first allowed shall not be treated as
allowable under subsection (b).