Current through P.L. 171-2024
Section 6-3.1-9-4 - Documentation for credit; form; contents; priority notification of credit allowable(a) The neighborhood organization, on behalf of any business firm or person which desires to claim a tax credit as provided in this chapter, shall file with the authority, in the form that the authority may prescribe, documentation stating the amount of the contribution that would qualify for a tax credit, and the amount allocated to the business firm or person to be claimed as a credit.(b) The authority shall give priority in issuing tax credits to neighborhood organizations whose programs directly benefit enterprise zones.(c) The department shall promptly notify a business firm or person whether, or the extent to which, the tax credit is allowable in the state fiscal year in which the tax return claiming the credit is filed, as provided in section 5 of this chapter.(d) The department shall consider documentation from the authority as proof of payment, setting forth that the amount to be claimed as a credit under this chapter has been paid to an organization for an approved program or purpose, or permanently set aside in a special account to be used solely for an approved program or purpose.Amended by P.L. 124-2024,SEC. 17, eff. 7/1/2024.As added by P.L. 51-1984, SEC.1. Amended by P.L. 4-2005, SEC.55; P.L. 235-2005, SEC.97; P.L. 1-2006, SEC.142; P.L. 181-2006, SEC.46; P.L. 1-2007, SEC.56.