2018 Indiana Code
TITLE 6. Taxation
ARTICLE 3. OTHER STATE INCOME TAXES
CHAPTER 3. Credits
6-3-3-14.6. Credit for certain hospitals for property taxes paid; carry forward allowed
Sec. 14.6. (a) This section applies only to taxable years beginning after December 31, 2015.
(b) As used in this section, "hospital" means an acute care hospital that:
(1) is licensed under IC 16-21-2;
(2) is operated on a for-profit basis;
(3) is subject to the adjusted gross income tax at the rate specified in IC 6-3-2-1(b);
(4) provides health care, accommodations, facilities, and equipment, in connection with the services of a physician, to individuals who may need medical or surgical services; and
(5) is not primarily providing care and treatment of patients:
(A) with a cardiac condition;
(B) with an orthopedic condition; or
(C) receiving a surgical procedure.
(c) Each taxable year, a hospital is entitled to a credit against the hospital's adjusted gross income tax liability for the taxable year equal to twenty percent (20%) of the property taxes paid in Indiana on real property for the taxable year on property used as a hospital.
(d) The credit provided by this section may not exceed the amount of the taxpayer's adjusted gross income tax liability for the taxable year, reduced by the sum of all credits for the taxable year that are applied before the application of the credit provided by this section. The amount of any unused credit under this section for a taxable year may be carried forward to a succeeding taxable year or may be claimed as a refundable tax credit.
As added by P.L.213-2015, SEC.83. Amended by P.L.181-2016, SEC.26; P.L.217-2017, SEC.65.
