Indiana § 6-3.1-30.5-13 Maximum amount of credit

Indiana Statutes

§ 6-3.1-30.5-13 — Maximum amount of credit

Indiana § 6-3.1-30.5-13

Art. 3.1STATE TAX LIABILITY CREDITS

Ch. 30.5School Scholarship Tax Credit

This text of Indiana § 6-3.1-30.5-13 (Maximum amount of 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 § 6-3.1-30.5-13 (2026).

Text

(a)The total amount of tax credits awarded under this chapter may not exceed nine million five hundred thousand dollars ($9,500,000) in the state fiscal year beginning July 1, 2016, and ending June 30, 2017.

(b)The total amount of tax credits awarded under this chapter in a state fiscal year may not exceed the following:

(1)Twelve million five hundred thousand dollars ($12,500,000) for the state fiscal year beginning July 1, 2017, and ending June 30, 2018.

(2)Fourteen million dollars ($14,000,000) for the state fiscal year beginning July 1, 2018, and ending June 30, 2019.

(3)Fifteen million dollars ($15,000,000) for the state fiscal year beginning July 1, 2019, and ending June 30, 2020.

(4)Sixteen million five hundred thousand dollars ($16,500,000) for the state fiscal year beginning

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(a) The total amount of tax credits
awarded under this chapter may not exceed nine million five hundred
thousand dollars ($9,500,000) in the state fiscal year beginning July 1,
2016, and ending June 30, 2017.
(b) The total amount of tax credits awarded under this chapter in a
state fiscal year may not exceed the following:
(1) Twelve million five hundred thousand dollars ($12,500,000)
for the state fiscal year beginning July 1, 2017, and ending June
30, 2018.
(2) Fourteen million dollars ($14,000,000) for the state fiscal year
beginning July 1, 2018, and ending June 30, 2019.
(3) Fifteen million dollars ($15,000,000) for the state fiscal year
beginning July 1, 2019, and ending June 30, 2020.
(4) Sixteen million five hundred thousand dollars ($16,500,000)
for the state fiscal year beginning July 1, 2020, and ending June
30, 2021.
(5) Seventeen million five hundred thousand dollars
($17,500,000) for the state fiscal year beginning July 1, 2021, and
ending June 30, 2022.
(6) Eighteen million five hundred thousand dollars ($18,500,000)
for the state fiscal year beginning July 1, 2022, and ending June
30, 2023, and for each state fiscal year thereafter.

Legislative History

As added by P.L.182-2009(ss), SEC.205. Amended by P.L.92-2011, SEC.4; P.L.205-2013, SEC.84; P.L.213-2015, SEC.86; P.L.217-2017, SEC.66; P.L.108-2019, SEC.123; P.L.165-2021, SEC.90; P.L.201-2023, SEC.101.