Form It-40 - Indiana Full-Year Resident Individual Income Tax Booklet - 2013 Page 50
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60For additional information, contact the Indiana Department of Cor-
When claiming this credit, maintain with your records a completed
rection, Office of the Commissioner, Indiana Government Center
Schedule IN-SSC as the department can require you to provide this
South, Room E334, Indianapolis, IN 46204.
information at a later date. You may get Schedule IN-SSC at
Enter code 829 under line 6 if claiming this credit and enclose verifica-
tion provided from the DOC. See the Combined Limitation on
Enter code 849 under line 6 if claiming this credit. See the Combined
Limitation on page 51.
page 51.
Residential historic rehabilitation credit 831
Small employer qualified wellness program credit
A credit is available for the repair and rehabilitation of historic resi-
This credit will not be awarded after 2011. Any tax credit previously
dential property that is at least 50 years old and will be used as your
awarded but not claimed must be carried forward to a taxable year that
primary residence.
begins after December 31, 2013, and before January 1, 2016.
For more information about this credit, see Income Tax Information
Twenty-first century scholars program credit 834
Bulletin #87A at Also, contact the Depart-
A credit is allowed for contributions made to the Twenty-First Cen-
ment of Natural Resources, Historic Preservation and Archaeology
tury Scholars Program Support Fund. The credit is equal to 50 percent
Division, Indiana Government Center South, Room W-274, Indianap-
of the contributions made during the tax year up to a maximum
olis, IN 46204, call (317) 232-1646, or visit
limit of $100 for a single return and $200 for a joint return. To claim
this credit, you must complete and enclose Schedule TCSP-40. Get a
Note. The total amount of residential historic rehabilitation credits
Schedule TCSP-40 at
allowed for all taxpayers in a year is limited to $250,000.
Detailed information about the scholarship program, registration and
Enter code 831 under line 6 if claiming this credit. See the Combined
administration may be obtained by calling the office of the Twenty-
Limitation on page 51.
First Century Scholars Program at (317) 233-2100.
Riverboat building credit 832
Note. This credit is not the same as the College Credit.
A tax credit has been established for any individual or company that
builds or refurbishes a riverboat licensed to conduct legal gambling
Enter code 834 under line 6 if claiming this credit. See the Combined
Limitation on page 51.
in Indiana. The Indiana Economic Development Corporation (IEDC)
must approve the costs of the qualified investment BEFORE the costs
are incurred. Contact the Indiana Economic Development Corpora-
Venture capital investment credit 835
tion, Development Finance Division, One North Capitol, Suite 700,
A taxpayer that provides qualified investment capital to a qualified
Indianapolis, IN, 46204, call (317) 234-0616, or visit
Indiana business may be eligible for this credit.
for additional information.
Certification for this credit must be obtained from the Indiana Eco-
Note. The total amount of riverboat building credits allowed for all
nomic Development Corporation Development Finance Office, VCI
taxpayers in a year is limited to $1,000,000.
Credit Program, One North Capitol, Suite 700, Indianapolis, IN 46204,
telephone number (317) 232-8827, or visit .
Enter code 832 under line 6 if claiming this credit. Enclose certifica-
tion from IEDC, credit assignment and proof of investment with your
A taxpayer is not entitled to a credit for providing qualified investment
return. See the Combined Limitation on page 51.
capital to a qualified Indiana business after December 31, 2014.
School scholarship credit 849
Note. See the Restriction for Certain Tax Credits - Limited to One
per Project and the Combined Limitation on page 51 for additional
A credit is available for donations to certain scholarship-granting
organizations (SGOs). The amount of credit is equal to 50% of the
limitations.
amount of the contribution. While there are no limits to how much a
donor can contribute to a qualified SGO, the entire tax credit program
Enter code 835 under line 6 if claiming this credit.
cannot award more than $7.5 million in credits per state fiscal year
(July 1 – June 30). Beginning Jan. 1, 2013, this credit can now be car-
ried forward for nine years after the unused credit year.
To qualify for the credit, you must make a contribution to a scholar-
ship granting organization that is certified by the Department of Edu-
cation. Visit the Indiana Department of Education’s website at
for additional informa-
tion.
Page 50
IT-40 Booklet 2013
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