Note: This version of section effective 1-1-2023. See also preceding version of this section, effective until 1-1-2023. Sec. 2.5. (a) This section applies to a resident person. (b) Resident persons are entitled to a net operating loss deduction. The amount of the deduction taken in a taxable year may not exceed the taxpayer’s unused Indiana […]
Note: This version of section effective until 1-1-2023. See also following version of this section, effective 1-1-2023. Sec. 2.5. (a) This section applies to a resident person. (b) Resident persons are entitled to a net operating loss deduction. The amount of the deduction taken in a taxable year may not exceed the taxpayer’s unused Indiana […]
Note: This version of section effective 1-1-2023. See also preceding version of this section, effective until 1-1-2023. Sec. 2.6. (a) This section applies to a corporation or a nonresident person. (b) Corporations and nonresident persons are entitled to a net operating loss deduction. The amount of the deduction taken in a taxable year may not […]
Note: This version of section effective until 1-1-2023. See also following version of this section, effective 1-1-2023. Sec. 2.6. (a) This section applies to a corporation or a nonresident person. (b) Corporations and nonresident persons are entitled to a net operating loss deduction. The amount of the deduction taken in a taxable year may not […]
Sec. 2.7. (a) As used in this section: (1) “Bonus for services rendered as a team member” includes: (A) a bonus earned as a result of play during the season, such as a performance bonus, including a bonus paid for a championship, playoff, or bowl game played by a team, or for selection to an […]
Sec. 2.8. Notwithstanding any provision of IC 6-3-1 through IC 6-3-7, there shall be no tax on the adjusted gross income of the following: (1) Any organization described in Section 501(a) of the Internal Revenue Code, except that any income of such organization which is subject to income tax under the Internal Revenue Code shall […]
As added by P.L.50-1984, SEC.2. Repealed by P.L.47-1984, SEC.7(c).
Sec. 20. (a) The following definitions apply throughout this section: (1) “Affiliated group” has the meaning provided in Section 1504 of the Internal Revenue Code, except that the ownership percentage in Section 1504(a)(2) of the Internal Revenue Code shall be determined using fifty percent (50%) instead of eighty percent (80%). (2) “Directly related interest expenses” […]
Sec. 21.7. (a) This section applies to a qualified patent issued to a taxpayer after December 31, 2007. (b) As used in this section, “invention” has the meaning set forth in 35 U.S.C. 100(a). (c) As used in this section, “qualified patent” means: (1) a utility patent issued under 35 U.S.C. 101; or (2) a […]
Sec. 22. (a) The following definitions apply throughout this section: (1) “Dependent child” means an individual who: (A) is eligible to receive a free elementary or high school education in an Indiana school corporation; (B) qualifies as a dependent (as defined in Section 152 of the Internal Revenue Code) of the taxpayer; and (C) is […]
Sec. 24. (a) This section applies to a taxable year beginning after December 31, 2013. (b) As used in this section, “international committee” refers to the International Olympic Committee and the International Paralympic Committee. (c) As used in this section, “Olympic games” refers to an international sports competition conducted every two (2) years by an […]
Sec. 25. (a) This section applies only to an individual who in 2008 paid property taxes that: (1) were imposed on the individual’s principal place of residence for the March 1, 2006, assessment date or the January 15, 2007, assessment date; (2) are due after December 31, 2007; and (3) are paid on or before […]
Sec. 26. (a) This section applies only to taxable years beginning after December 31, 2017. (b) As used in this section, “fund” refers to the regional development authority infrastructure fund established by IC 36-9-43-9. (c) Each taxable year, a taxpayer that has made a contribution or gift to the fund is entitled to a deduction […]
Formerly Acts 1963(ss)c.32, s.205; Acts 1965, c.233, s.14. Amended by Acts 1981, P.L.77, SEC.9; P.L.79-1983, SEC.2, P.L.82-1983, SEC.5. Repealed by P.L.47-1984, SEC.7(b).
Sec. 3.1. (a) Except as otherwise provided in subsection (b), income is not exempt from the adjusted gross income tax under section 2.8(1) of this chapter if the income is derived by the exempt organization from an unrelated trade or business, as defined in Section 513 of the Internal Revenue Code. (b) This section does […]
Sec. 3.2. (a) The following definitions apply to this section: (1) “Bonus for services rendered as a race team member” includes: (A) a bonus earned as a result of participation in a racing event, such as a performance bonus or any other bonus; and (B) a bonus paid for signing a contract, unless all of […]
Sec. 3.5. (a) For purposes of this section, “public transportation services” means the transportation of individuals for hire. (b) All fares collected for public transportation services are exempt from the income taxes imposed by this article if the fares are received by a: (1) public transportation corporation established under IC 36-9-4; (2) public transit department […]
Sec. 3.7. (a) Each taxable year, an individual or the individual’s surviving spouse is entitled to an adjusted gross income tax deduction equal to the remainder of: (1) the: (A) first eight thousand dollars ($8,000), for taxable years beginning after December 31, 2014, and before January 1, 2016; and (B) first sixteen thousand dollars ($16,000), […]
Sec. 4. (a) Each taxable year, an individual, or the individual’s surviving spouse, is entitled to the following: (1) An adjusted gross income tax deduction for the first five thousand dollars ($5,000) of income, excluding adjusted gross income described in subdivision (2), received during the taxable year by the individual, or the individual’s surviving spouse, […]
As added by Acts 1978, P.L.37, SEC.2. Repealed by P.L.36-2015, SEC.3; P.L.250-2015, SEC.17.
