Form It-40 - Indiana Full-Year Resident Individual Income Tax Booklet - 2013 Page 47
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60Community revitalization enhancement district credit
velopment Corporation, One North Capitol, Suite 700, Indianapolis,
IN, 46204, call (317) 232-8827, or visit their website at
808
See the Schedule 6 line 3 instructions for details about this credit. This
credit is available to offset both your state and local tax liabilities, and
Note. Schedule EZ must be enclosed if claiming this credit.
any unused remainder is available to be carried forward. Pass-through
entities are eligible for this credit.
Enter code 812 under line 6 if claiming this credit. See the Combined
Limitation on page 51.
If you did not use all of the available community revitalization en-
hancement district credit on Schedule 6, line 3, the remaining credit
Enterprise zone investment cost credit 813
should be claimed on this line.
This credit is based on qualified investments made within Indiana. It
can be up to a maximum of 30 percent of the investment, depending
For more information, contact the Indiana Economic Development
on the number of employees, the type of business and the amount of
Corporation, One North Capitol, Suite 700, Indianapolis, IN, 46204,
investment in an enterprise zone.
or visit their website at
For more information about this credit, see Income Tax Information
Note. See the Restriction for Certain Tax Credits - Limited to One
Bulletin #66 at
and contact the Indiana
per Project and the Combined Limitation on page 51 for additional
Economic Development Corporation, One North Capitol, Suite 700,
limitations.
Indianapolis, IN, 46204, or visit their website at:
Enter code 808 under line 6 if claiming this credit.
Note. See the Restriction for Certain Tax Credits - Limited to One
per Project and the Combined Limitation on page 51 for additional
Employer health benefit plan credit
limitations.
This credit will not be awarded after 2011. Any tax credit previously
awarded but not claimed must be carried forward to a taxable year that
Enter code 813 under line 6 if claiming this credit.
begins after December 31, 2013, and before January 1, 2016.
Enterprise zone loan interest credit 814
About enterprise zone credits
This credit can be for up to five percent of the interest received from all
Certain areas within Indiana have been designated as enterprise zones.
qualified loans made during a tax year for use in an Indiana enterprise
Enterprise zones are established to encourage investment and job
zone.
growth in distressed urban areas.
For more information, and how to calculate this credit, see Income
Use this website to look up contact information for a particular enter-
Tax Information Bulletin #66 at
and Indi-
prise zone:
ana Schedule LIC at
The following are eligible to claim the enterprise zone employment
Note. Schedule LIC must be enclosed if claiming this credit. Contact
expense credit and/or the enterprise zone loan interest credit:
the Indiana Economic Development Corporation, One North Capitol,
•
Sole proprietors who operate and/or invest in a business located
Suite 700, Indianapolis, IN, 46204, call (317) 232-8827, or visit their
in a zone.
website at
for additional information.
•
Partnerships.
•
S corporations.
Enter code 814 under line 6 if claiming this credit. See the Combined
•
Fiduciaries.
Limitation on page 51.
•
Pass-through entities.
Ethanol production credit 815
Contact the Indiana Economic Development Corporation, One North
An Indiana facility with a capacity to produce 40 million gallons of
Capitol, Suite 700, Indianapolis, IN, 46204, or visit their website at
grain ethanol per year may be eligible for this credit. Proof of informa-
for more information about these credits.
tion for the credit calculation, plus a copy of the Certificate of Quali-
fied Facility issued by the Indiana Recycling and Energy Development
Enterprise zone employment expense credit
812
Board, must be enclosed to verify this credit.
This credit is based on qualified investments made within Indiana. It
is the lesser of 10 percent of qualifying wages, or $1,500 per qualified
This credit is available to pass-through entities, such as members of
employee, up to the amount of tax liability on income derived from
partnerships and S corporations.
the enterprise zone.
File an Application for Ethanol Credit Certification, State Form 52302,
For more information see Income Tax Information Bulletin #66 at
with the Indiana Economic Development Corporation, Ethanol Credit
and Indiana Schedule EZ, Parts 1, 2 and 3
Certification, One North Capitol, Suite 700, Indianapolis, IN, 46204,
at Also, contact the Indiana Economic De-
call them at (317) 232-8827, or visit their website at
Page 47
IT-40 Booklet 2013
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