Indiana § 6-3.1-40.9-13 Maximum amount of credits

Indiana Statutes

§ 6-3.1-40.9-13 — Maximum amount of credits

Indiana § 6-3.1-40.9-13

Art. 3.1STATE TAX LIABILITY CREDITS

Ch. 40.9Attainable Homeownership Tax Credit

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Bluebook

Ind. Code § 6-3.1-40.9-13 (2026).

Text

(a)The total amount of tax credits awarded under this chapter may not exceed four million dollars ($4,000,000) in each state fiscal year. However, any amounts carried forward under section 9(a) of this chapter shall first be deducted from the total amount of tax credits that may be awarded for the succeeding state fiscal year.

(b)The department shall record the time of filing of each claim for a credit under this chapter and shall approve the credits, if they otherwise qualify, in the chronological order in which the claims for the credit are filed in the state fiscal year.

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(a) The total amount of tax credits
awarded under this chapter may not exceed four million dollars
($4,000,000) in each state fiscal year. However, any amounts carried
forward under section 9(a) of this chapter shall first be deducted from
the total amount of tax credits that may be awarded for the succeeding
state fiscal year.
(b) The department shall record the time of filing of each claim for
a credit under this chapter and shall approve the credits, if they
otherwise qualify, in the chronological order in which the claims for the
credit are filed in the state fiscal year.