Indiana § 6-3.1-22-13 Recaptured credit

Indiana Statutes

§ 6-3.1-22-13 — Recaptured credit

Indiana § 6-3.1-22-13

Art. 3.1STATE TAX LIABILITY CREDITS

Ch. 22Residential Historic Rehabilitation Credit

This text of Indiana § 6-3.1-22-13 (Recaptured 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 § 6-3.1-22-13 (2026).

Text

(a)A credit claimed under this chapter shall be recaptured from the taxpayer if:

(1)the property is transferred less than five (5) years after completion of the certified preservation or rehabilitation work; or

(2)less than five (5) years after completion of the certified preservation or rehabilitation, additional modifications to the property are undertaken that do not meet the standards of the office.

(b)If the recapture of a credit is required under this section, an amount equal to the credit recaptured shall be added to the tax liability of the taxpayer for the taxable year during which the credit is recaptured.

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(a) A credit claimed under this chapter shall
be recaptured from the taxpayer if:
(1) the property is transferred less than five (5) years after
completion of the certified preservation or rehabilitation work; or
(2) less than five (5) years after completion of the certified
preservation or rehabilitation, additional modifications to the
property are undertaken that do not meet the standards of the
office.
(b) If the recapture of a credit is required under this section, an
amount equal to the credit recaptured shall be added to the tax liability
of the taxpayer for the taxable year during which the credit is
recaptured.