Form It-20np - Nonprofit Organization Unrelated Business Income Tax Booklet

counties (Greene, Lawrence, and Martin) that are outside the

the investment in a qualified project approved by the Department

certified technology park adjoining the crane military base. The

of Correction (DOC), plus 25 percent of the wages paid to

taxpayer’s qualified investment must be in a business that meets

inmates.

one of the following criteria:

(1) The business must be a participant in the technology

Contact the Indiana Department of Correction, Office of the

transfer program conducted by the qualified military base; or

Commissioner, 302 W. Washington St., Room E334, Indianapolis,

(2) The business and the qualified military base must

IN 46204, for additional information.

have a mutually beneficial relationship evidenced by a

memorandum of understanding.

School Scholarship Credit

849

A credit is available for contributions to school scholarship

To receive credit, you must submit to the Department

programs. A taxpayer that makes a qualifying contribution to a

documentation of the qualified investment and certification of the

scholarship granting organization (SGO) is entitled to a credit

percentage credit allowed by the IEDC.

against their state tax liability in the taxable year in which the

contribution is made. The amount of a taxpayer’s credit is equal

For more information about this credit, contact the Indiana

to 50% of the amount of the contribution made to the SGO for a

Economic Development Corporation, One North Capitol, Suite

school scholarship program.

600, Indianapolis, IN 46204. You can also call (317) 232-8827 or

visit their website at

To qualify for the credit, the taxpayer must:

•

Make a contribution to a scholarship granting

Military Base Recovery Credit

827

organization that is certified by the Department of

A taxpayer who is an owner or a developer of a military base

Education under IC 20-51;

•

recovery site may be eligible for a credit if investing in the

Make the contribution directly to the SGO;

•

rehabilitation of real property located in a military base recovery

Designate in writing to the SGO that the

site according to a plan approved by the Indiana Economic

contribution is to be used solely for a school

Development Corporation. The maximum credit is 25 percent of

scholarship program or have written confirmation

the cost of rehabilitation of real property located in a designated

from the SGO that the contribution will be used

military base recovery site based on the age of the building.

solely for a school scholarship program.

A claimant may also be a lessee of property in a military base

Although there are no limits on the size of a qualifying

recovery site and assigned part of the tax credit based on

contribution to an SGO, the entire tax credit program has a limit

a qualified investment within a military recovery site. The

of $5 million in credits per state fiscal year (July 1 – June 30).

assignment must be in writing, and any consideration may not

exceed the value of the part of the credit assigned. Both parties

You must enclose Schedule IN-SSC to claim this credit. For more

must report the assignment on their state income tax returns

information about this credit, see the instructions for Schedule

for the year of assignment. The lessee can use the credit to offset

IN-SSC at

its total state income tax liability, but any excess credit must be

carried forward to the immediately following tax year(s).

Small Employer Qualified Wellness Program

Credit

843

For more information about this credit, contact the IEDC, One

If you are a small employer who provides a qualified wellness

North Capitol, Suite 600, Indianapolis, IN 46204. You can also call

program for your employees during the taxable year, you may be

them at (317) 232-8827 or visit their website at

entitled to a tax credit. This credit is equal to 50 percent of the

costs you incur during the taxable year to provide the wellness

Neighborhood Assistance Credit

828

program. A small employer is defined as an employer that is

If you made a contribution or engaged in activities to upgrade

actively engaged in business and has between 2 and 100 eligible

areas in Indiana, you might be able to claim a credit for this

employees with a majority of them working in Indiana.

assistance. Contact the Indiana Housing and Community

Development Authority, Neighborhood Assistance Program, 30

Note: Per IC 6-3.1-14-9, this credit will not be awarded for tax

S. Meridian, Suite 1000, Indianapolis, IN 46204. You can also call

years that begin after Dec. 31, 2011. In addition, any credits

(317) 232-7777 within Indianapolis or (800) 872-0371 outside of

previously awarded may not be carried forward during tax years

Indianapolis for more information.

2012 and 2013. However, they can be carried forward during 2014

and 2015.

You must enclose approval Form NC-20 with your return to claim

this credit. For more information about this credit, get Form

The wellness program must be certified by the State Department

NC-10 at and Income Tax Information

of Health (DOH), and you must enclose the certificate with your

Bulletin #22 at

tax return before the credit can be approved. The credit can be

carried forward but cannot be carried back or refunded. For more

Prison Investment Credit

829

information, contact the DOH at

A credit is allowed for amounts invested in Indiana prisons to

create jobs for prisoners. The amount is limited to 50 percent of

Form It-20np - Nonprofit Organization Unrelated Business Income Tax Booklet - 2012 Page 21

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