Indiana § 6-3.1-24-8 Maximum allowable credit; notice to investors

Indiana Statutes

§ 6-3.1-24-8 — Maximum allowable credit; notice to investors

Indiana § 6-3.1-24-8

Art. 3.1STATE TAX LIABILITY CREDITS

Ch. 24Venture Capital Investment Tax Credit

This text of Indiana § 6-3.1-24-8 (Maximum allowable credit; notice to investors) 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 § 6-3.1-24-8 (2026).

Text

(a)A certification provided under section 7 of this chapter must include notice to the investors of the maximum amount of tax credits available under this chapter for the provision of qualified investment capital to the qualified Indiana business.

(b)For a calendar year ending before January 1, 2011, the maximum amount of tax credits available under this chapter for the provision of qualified investment capital to a particular qualified Indiana business equals the lesser of:

(1)the total amount of qualified investment capital provided to the qualified Indiana business in the calendar year, multiplied by twenty percent (20%); or

(2)five hundred thousand dollars ($500,000).

(c)For a calendar year beginning after December 31, 2010, and ending before January 1, 2022, the maximum amount of

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(a) A certification provided under section 7 of
this chapter must include notice to the investors of the maximum
amount of tax credits available under this chapter for the provision of
qualified investment capital to the qualified Indiana business.
(b) For a calendar year ending before January 1, 2011, the maximum
amount of tax credits available under this chapter for the provision of
qualified investment capital to a particular qualified Indiana business
equals the lesser of:
(1) the total amount of qualified investment capital provided to
the qualified Indiana business in the calendar year, multiplied by
twenty percent (20%); or
(2) five hundred thousand dollars ($500,000).
(c) For a calendar year beginning after December 31, 2010, and
ending before January 1, 2022, the maximum amount of tax credits
available under this chapter for the provision of qualified investment
capital to a particular qualified Indiana business equals the lesser of the
following:
(1) The total amount of qualified investment capital provided to
the qualified Indiana business in the calendar year, multiplied by
twenty percent (20%).
(2) One million dollars ($1,000,000).
(d) For a calendar year beginning after December 31, 2021, the
maximum amount of tax credits available under this chapter for the
provision of qualified investment capital to a particular qualified
Indiana business equals the lesser of the following:
(1) The total amount of qualified investment capital provided to
the qualified Indiana business in the calendar year, multiplied by
twenty-five percent (25%).
(2) One million dollars ($1,000,000).
(e) Notwithstanding subsection (d), for a calendar year beginning
after December 31, 2021, the maximum amount of tax credits available
under this chapter for the provision of qualified investment capital to
a particular qualified Indiana business, if the qualified Indiana business
is a minority business enterprise, a women's business enterprise, or a
veteran owned business equals the lesser of the following:
(1) The total amount of qualified investment capital provided to
the qualified Indiana business in the calendar year, multiplied by
thirty percent (30%).
(2) One million five hundred thousand dollars ($1,500,000).