2015 Indiana Code TITLE 6. TAXATION ARTICLE 5.5. TAXATION OF FINANCIAL INSTITUTIONS CHAPTER 9. MISCELLANEOUS
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IC 6-5.5-9
Chapter 9. Miscellaneous
IC 6-5.5-9-1
Rules
Sec. 1. The department shall adopt rules under IC 4-22-2 to
implement this article.
As added by P.L.347-1989(ss), SEC.1.
IC 6-5.5-9-2
Other provisions applicable to IC 6-5.5
Sec. 2. For purposes of administration and enforcement the
provisions of IC 6-8.1 that are applicable to a listed tax and an
income tax apply to the tax imposed by this article.
As added by P.L.347-1989(ss), SEC.1.
IC 6-5.5-9-3
Effect of tax under IC 6-5.5 held inapplicable or invalid
Sec. 3. If the tax imposed by this article is held inapplicable or
invalid with respect to a taxpayer, then notwithstanding the statute of
limitations set forth in IC 6-8.1-5-2(a), the taxpayer is liable for the
taxes imposed for the taxable periods with respect to which the tax
under this article is held inapplicable or invalid.
As added by P.L.347-1989(ss), SEC.1. Amended by P.L.21-1990,
SEC.34; P.L.192-2002(ss), SEC.130; P.L.1-2003, SEC.48.
IC 6-5.5-9-4
Exemption from income taxes
Sec. 4. (a) A taxpayer who is subject to taxation under this article
for a taxable year or part of a taxable year is not, for that taxable year
or part of a taxable year, subject to the income taxes imposed by
IC 6-3.
(b) The exemption provided for the taxes listed in subsection (a)
does not apply to a taxpayer to the extent the taxpayer is acting in a
fiduciary capacity.
As added by P.L.347-1989(ss), SEC.1. Amended by P.L.21-1990,
SEC.35; P.L.1-1991, SEC.56; P.L.192-2002(ss), SEC.131.
IC 6-5.5-9-5
Depositor or owner of capital stock, share accounts, certificates of
indebtedness, or investment in taxpayer with principal offices in
state; tax liability
Sec. 5. A depositor or owner of capital stock, capital shares, share
accounts, certificates of indebtedness or investment, or comparable
investment or interest in a taxpayer with its principal offices in
Indiana is not liable for taxation under this article with respect to that
interest.
As added by P.L.347-1989(ss), SEC.1. Amended by P.L.21-1990,
SEC.36.
Indiana Code 2015
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