Indiana § 6-3.1-38.3-5 Computation of credit amount; certain taxpayers

Indiana Statutes

§ 6-3.1-38.3-5 — Computation of credit amount; certain taxpayers

Indiana § 6-3.1-38.3-5

Art. 3.1STATE TAX LIABILITY CREDITS

Ch. 38.3Employment of Individuals with Disability Tax Credit

This text of Indiana § 6-3.1-38.3-5 (Computation of credit amount; certain taxpayers) 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 § 6-3.1-38.3-5 (2026).

Text

(a)This section applies to a taxpayer that satisfies the following requirements:

(1)The taxpayer is a benefit corporation (as defined in IC 23-1.3-2-3).

(2)The taxpayer employs not more than fifty (50) individuals.

(3)The majority of the taxpayer's employees are individuals described in section 3(a) of this chapter.

(b)The amount of the tax credit is determined according to the following:

(1)In the first taxable year for which the credit is claimed with respect to wages paid to a particular employee, an amount equal to thirty percent (30%) of the wages paid to the employee during the taxable year.

(2)In the second taxable year for which the credit is claimed with respect to wages paid to a particular employee, an amount equal to forty percent (40%) of the wages paid to the employee

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(a) This section applies to a taxpayer that
satisfies the following requirements:
(1) The taxpayer is a benefit corporation (as defined in IC 23-1.3-2-3).
(2) The taxpayer employs not more than fifty (50) individuals.
(3) The majority of the taxpayer's employees are individuals
described in section 3(a) of this chapter.
(b) The amount of the tax credit is determined according to the
following:
(1) In the first taxable year for which the credit is claimed with
respect to wages paid to a particular employee, an amount equal
to thirty percent (30%) of the wages paid to the employee during
the taxable year.
(2) In the second taxable year for which the credit is claimed with
respect to wages paid to a particular employee, an amount equal
to forty percent (40%) of the wages paid to the employee during
the taxable year.
(3) In the third and each subsequent taxable year for which the
credit is claimed with respect to wages paid to a particular
employee, an amount equal to fifty percent (50%) of the wages
paid to the employee during the taxable year.