Form It-20np - Nonprofit Organization Unrelated Business Income Tax Booklet - 2012 Page 22

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Bulletin #102 at
Venture Capital Investment Credit
835
An entity that provides qualified investment capital to an Indiana
business may be eligible for this credit. Currently this credit
is limited to investments that occur before Jan. 1, 2015. The
carryforward provision is limited to five years. Note: Per
IC 6-3.1-24-8, for calendar years beginning after Dec. 31, 2010,
the maximum credit available to a qualified business is $1 million
(previously it was $500,000).
Certification for this credit must be obtained from the Indiana
Economic Development Corporation Development Finance
Office, VCI Credit Program, One North Capitol, Suite 700,
Indianapolis, IN 46204. You can call them at (317) 232-8827 or
visit their website at
Voluntary Remediation Credit
836
A voluntary remediation state tax credit is available for qualified
investments involving the redevelopment of a brownfield
and environmental remediation. The Indiana Department of
Environmental Management and the Indiana Housing and
Community Development Authority must determine and certify
that the costs incurred in a voluntary remediation are qualified
investments.
For additional information, contact the Indiana Department of
Environmental Management, Indiana Government Center North,
Room N1101, 100 N. Senate Ave., Indianapolis, IN 46204, or visit
their website at
Tax forms may be requested by calling (317) 615-2581. Many of
the tax forms are also available on the Internet at
INtax
Free online program to manage your Indiana business tax account
Reduce the burden of managing sales and withholding tax
obligations by using INtax, Indiana’s free online business tax
filing program. INtax puts the business owner in control of his tax
accounts.
INtax features include
File and pay any time of day.
Schedule future payments.
Check account balances instantly.
Manage multiple businesses under one profile.
Review transaction history and receipt
confirmation.
Establish multiple users and set access rights by
user.
Correspond directly and confidentially with the
Department.
To take advantage of this free service, visit intax.in.gov.
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