Indiana § 6-3.1-38-4 Credit for qualified taxpayer; credit amounts

Indiana Statutes

§ 6-3.1-38-4 — Credit for qualified taxpayer; credit amounts

Indiana § 6-3.1-38-4

Art. 3.1STATE TAX LIABILITY CREDITS

Ch. 38Health Reimbursement Arrangement Credit

This text of Indiana § 6-3.1-38-4 (Credit for qualified taxpayer; credit amounts) 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 § 6-3.1-38-4 (2026).

Text

Subject to section 7 of this chapter, a qualified
taxpayer may claim a credit against the qualified taxpayer's state tax
liability for a qualified contribution for a qualified taxpayer with less
than fifty (50) employees, up to four hundred dollars ($400) in the first
year per covered employee if the amount provided toward the health
reimbursement arrangement is equal to or greater than either the level
of benefits provided in the previous benefit year, or if the amount the
employer contributes toward the health reimbursement arrangement
equals the same amount contributed per covered individual toward the
employer provided health insurance plan during the previous benefit
year. The credit under this section decreases to two hundred dollars
($200) per covered employee in the second year.

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Subject to section 7 of this chapter, a qualified
taxpayer may claim a credit against the qualified taxpayer's state tax
liability for a qualified contribution for a qualified taxpayer with less
than fifty (50) employees, up to four hundred dollars ($400) in the first
year per covered employee if the amount provided toward the health
reimbursement arrangement is equal to or greater than either the level
of benefits provided in the previous benefit year, or if the amount the
employer contributes toward the health reimbursement arrangement
equals the same amount contributed per covered individual toward the
employer provided health insurance plan during the previous benefit
year. The credit under this section decreases to two hundred dollars
($200) per covered employee in the second year.