§ 6-3.1-35.8-4 — Application process; proof of payment; approval of a qualified foster care organization

Indiana § 6-3.1-35.8-4

• Jurisdiction: Indiana
• Art. 3.1: STATE TAX LIABILITY CREDITS
• Ch. 35.8: Foster Care Support Tax Credit

Text

(a) Any business firm or person that desires
to claim a tax credit as provided in this chapter shall file with the
department, in the form that the department may prescribe, an
application stating the amount of the contribution or investment that it
made that would qualify for a tax credit, proof of payment of the
contribution, the amount sought to be claimed as a credit, and any other
information that the department determines is necessary to determine
whether the business firm or person is eligible for the credit.
(b) The department shall notify the applicant not later than forty-five
(45) days after the department receives an application for a tax credit
under subsection (a) that the applicant has been:
(1) approved for the tax credit; or
(2) denied the tax credit.
(c) An organization must apply to the department of child services
for approval as a qualifying foster care organization for purposes of this
chapter. The department of child services shall approve each
organization applicant that is a qualifying foster care organization as
defined in section 1(d) of this chapter and provide a list of each
approved organization annually to the department before January 1 of
each year.

Legislative History

As added by P.L.165-2021, SEC.91. Amended by P.L.97-2023, SEC.4.