Indiana § 6-3.1-39.5-8 Entitlement to credit; amount of credit

Indiana Statutes

§ 6-3.1-39.5-8 — Entitlement to credit; amount of credit

Indiana § 6-3.1-39.5-8

Art. 3.1STATE TAX LIABILITY CREDITS

Ch. 39.5Employer Child Care Expenditure Credits

This text of Indiana § 6-3.1-39.5-8 (Entitlement to credit; 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 § 6-3.1-39.5-8 (2026).

Text

(a)A taxpayer that makes a qualified expenditure in a taxable year is entitled to a credit against the taxpayer's state tax liability for the taxable year.

(b)Subject to section 9 of this chapter, the maximum amount of the credit to which a taxpayer is entitled in a particular taxable year is equal to the lesser of:

(1)fifty percent (50%) of the employer's qualified expenditures in the taxable year; or

(2)one hundred thousand dollars ($100,000).

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(a) A taxpayer that makes a qualified
expenditure in a taxable year is entitled to a credit against the
taxpayer's state tax liability for the taxable year.
(b) Subject to section 9 of this chapter, the maximum amount of the
credit to which a taxpayer is entitled in a particular taxable year is
equal to the lesser of:
(1) fifty percent (50%) of the employer's qualified expenditures
in the taxable year; or
(2) one hundred thousand dollars ($100,000).