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6-3.1-14-2. Entitlement to credit; amount

IN Code § 6-3.1-14-2 (2019) (N/A)
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Sec. 2. Each taxable year a person that owns and operates a registered maternity home located in Indiana under IC 16-26-1 and provides a temporary residence to at least one (1) pregnant woman for at least sixty (60) consecutive days during the pregnancy is entitled to a maternity home tax credit. The amount of the credit for a taxable year equals the lesser of the following:

(1) An amount equal to the sum of two hundred dollars ($200) for each pregnant woman who resided in the maternity home during the taxable year multiplied by a fraction equal to:

(A) the number of days that each pregnant woman resided in the maternity home during the taxable year; divided by

(B) thirty (30);

minus the amounts collected or owed from each pregnant woman.

(2) Three thousand dollars ($3,000).

As added by P.L.117-1990, SEC.2. Amended by P.L.2-1993, SEC.57.

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6-3.1-14-1. Definitions
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6-3.1-14-3. Utilization of tax credit