There is a newer version
of
this Section
2017 Indiana Code
TITLE 6. Taxation
ARTICLE 3.1. STATE TAX LIABILITY CREDITS
CHAPTER 30.5. School Scholarship Tax Credit
6-3.1-30.5-13. Maximum amount of credit
Universal Citation: IN Code § 6-3.1-30.5-13 (2017)
IC 6-3.1-30.5-13 Maximum amount of credit
Sec. 13. (a) The total amount of tax credits awarded under this chapter may not exceed nine million five hundred thousand dollars ($9,500,000) in the state fiscal year beginning July 1, 2016, and ending June 30, 2017.
(b) The total amount of tax credits awarded under this chapter in a state fiscal year may not exceed the following:
(1) Twelve million five hundred thousand dollars ($12,500,000) for the state fiscal year beginning July 1, 2017, and ending June 30, 2018.
(2) Fourteen million dollars ($14,000,000) for each state fiscal year beginning after June 30, 2018.
As added by P.L.182-2009(ss), SEC.205. Amended by P.L.92-2011, SEC.4; P.L.205-2013, SEC.84; P.L.213-2015, SEC.86; P.L.217-2017, SEC.66.
Disclaimer: These codes may not be the most recent version. Indiana may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
