CHAPTER 14. MATERNITY HOME TAX CREDIT
IC 6-3.1-14
Chapter 14. Maternity Home Tax Credit
IC 6-3.1-14-1
Definitions
Sec. 1. (a) The definitions in IC 16-18-2-219, IC 16-18-2-220,
IC 16-18-2-290, and IC 16-18-2-349 apply throughout this chapter.
(b) As used in this chapter, "department" refers to the state
department of health.
As added by P.L.117-1990, SEC.2. Amended by P.L.2-1993, SEC.56.
IC 6-3.1-14-2
Entitlement to credit; amount
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.
IC 6-3.1-14-3
Utilization of tax credit
Sec. 3. With the exception of a husband and wife, if there is more
than one (1) taxpayer that owns and operates a registered maternity
home, then each taxpayer may utilize the credit in proportion to the
taxpayer's ownership interest in the registered maternity home. In the
case of a husband and wife who own and operate a registered
maternity home jointly and who file separate tax returns, they may
take the credit in equal shares or one (1) of them may utilize the
whole credit.
As added by P.L.117-1990, SEC.2.
IC 6-3.1-14-4
Repealed
(Repealed by P.L.192-2002(ss), SEC.191.)
IC 6-3.1-14-5
Carryover of tax credit; no carryback or refund of unused credit
Sec. 5. (a) If the amount determined under section 2 of this
chapter for a taxpayer in a taxable year exceeds the taxpayer's state
tax liability (IC 6-3-1 through IC 6-3-7) for that taxable year, the
taxpayer may carry the excess over to the following taxable years.
The amount of the credit carryover from a taxable year shall be
reduced to the extent that the carryover is used by the taxpayer to
obtain a credit under this chapter for any subsequent taxable year.
(b) A taxpayer is not entitled to a carryback or refund of an
unused credit.
As added by P.L.117-1990, SEC.2.
IC 6-3.1-14-6
Adoption of rules for determining eligibility and compliance
Sec. 6. Notwithstanding IC 6-8.1-3-3, the board shall adopt rules
for determining eligibility and compliance of maternity home
operators that apply for maternity home tax credits.
As added by P.L.117-1990, SEC.2.
IC 6-3.1-14-7
Procedures to obtain tax credit
Sec. 7. To obtain a maternity home tax credit provided by this
chapter, a taxpayer must:
(1) file an application with the board on a form prescribed by
the board;
(2) claim the credit in the manner prescribed by the department
of state revenue; and
(3) file with the department a copy of the application completed
and approved by the board stating the credit allowed.
As added by P.L.117-1990, SEC.2.
IC 6-3.1-14-8
Maximum annual tax credit
Sec. 8. The amount of tax credits allowed under this chapter may
not exceed five hundred thousand dollars ($500,000) in a state fiscal
year.
As added by P.L.117-1990, SEC.2.