Indiana § 6-3.1-40-11 Maximum amount of credits allowed; exception

Indiana Statutes

§ 6-3.1-40-11 — Maximum amount of credits allowed; exception

Indiana·Art. 3.1 STATE TAX LIABILITY CREDITS·Ch. 40 Physician Practice Ownership Tax Credit

(a)Subject to subsection (b), the total amount of tax credits awarded under this chapter may not exceed ten million dollars ($10,000,000) in the state fiscal year beginning July 1, 2025, and ending June 30, 2026, and in each state fiscal year thereafter.

(b)For a taxable year beginning after December 31, 2024, and before January 1, 2026, only that part of a taxpayer's tax credit that is attributable to the period of time beginning after June 30, 2025, and before January 1, 2026, is subject to the maximum amount provided in subsection (a).

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(a) Subject to subsection (b), the total
amount of tax credits awarded under this chapter may not exceed ten
million dollars ($10,000,000) in the state fiscal year beginning July 1,
2025, and ending June 30, 2026, and in each state fiscal year thereafter.
(b) For a taxable year beginning after December 31, 2024, and
before January 1, 2026, only that part of a taxpayer's tax credit that is
attributable to the period of time beginning after June 30, 2025, and
before January 1, 2026, is subject to the maximum amount provided in
subsection (a).

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