§ 6-3-7-3 — Collected revenue; distribution and use

(a) All revenues derived from collection of the
adjusted gross income tax imposed on corporations shall be deposited
in the state general fund.
(b) All revenues derived from collection of the adjusted gross
income tax imposed on persons shall be deposited in the state general
fund.
(c) All revenues derived from adjusted gross income tax computed
from a partnership that has made an election to be subjected to tax
directly at the partnership level under IC 6-3-4.5 shall be deposited in
the state general fund. For purposes of this subsection, "adjusted gross
income tax" means any tax for which the partnership is directly subject
to as the result of an election under IC 6-3-4.5, regardless of the
provision under which the tax is computed.
Formerly: Acts 1963(ss), c.32, s.704; Acts 1965, c.233, s.29;
Acts 1969, c.425, s.1; Acts 1973, P.L.50, SEC.6. As amended by Acts
1977(ss), P.L.4, SEC.18; P.L.390-1987(ss), SEC.39; P.L.192-2002(ss),
SEC.83; P.L.146-2008, SEC.323; P.L.194-2023, SEC.21.