Form It-40 - Indiana Full-Year Resident Individual Income Tax Instruction Booklet - 2011 Page 45
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60About enterprise zone credits
This credit is available to pass-through entities, such as members of
partnerships and S corporations.
Certain areas within Indiana have been designated as enterprise zones.
Enterprise zones are established to encourage investment and job
You must file an application for certification with the Indiana Economic
growth in distressed urban areas.
Development Corporation (IEDC). For more information, contact
the Indiana Economic Development Corporation, One North Capitol,
Use this website to look up contact information for a particular
Suite 700, Indianapolis, IN, 46204, or visit their website at
enterprise zone:
in.gov. Also, see Income Tax Informa tion Bulletin #99 at
The following are eligible to claim the enterprise zone employment
expense credit and/or the enterprise zone loan interest credit:
Enter 806 under line 6 if claiming this credit. Enclose the certificate of
•
Sole proprietors who operate and/or invest in a business located
compliance issued by IEDC to support this credit. See the Combined
in a zone.
Limitation on page 49.
•
Partnerships.
•
S corporations.
Community revitalization enhancement district credit
•
Fiduciaries.
•
Pass-through entities.
808
See the Schedule 6 line 3 instructions for details about this credit. This
Contact the Indiana Economic Development Corporation, One North
credit is available to offset both your state and local tax liabilities, and
Capitol, Suite 700, Indianapolis, IN, 46204, or visit their website at
any unused remainder is available to be carried forward. Pass-through
in.gov
for more information about these credits.
entities are eligible for this credit.
Enterprise zone employment expense credit
812
If you did not use all of the available community revitalization
This credit is based on qualified investments made within Indiana. It
enhancement district credit on Schedule 6, line 3, the remaining credit
is the lesser of 10 percent of qualifying wages, or $1,500 per qualified
should be claimed on this line.
employee, up to the amount of tax liability on income derived from the
enterprise zone.
For more information, contact the Indiana Economic Development
Corporation, One North Capitol, Suite 700, Indianapolis, IN, 46204, or
For more information see Income Tax Information Bulletin #66 at
visit their website at in.gov.
and Indiana Schedule EZ, Parts 1, 2 and
Note. See the Restriction for Certain Tax Credits - Limited to One
3 at Also, contact the Indiana Economic
Development Corporation, One North Capitol, Suite 700, Indianapolis,
per Project and the Combined Limitation on page 49 for additional
IN, 46204, call (317) 232-8827, or visit their website at
limitations.
in.gov.
Enter code 808 under line 6 if claiming this credit.
Note. Schedule EZ must be enclosed if claiming this credit.
Employer health benefit plan credit 842
Enter code 812 under line 6 if claiming this credit. See the Combined
A credit is available to certain employers who begin offering health
Limitation on page 49.
insurance to their employees.
Enterprise zone investment cost credit 813
An employer who did not provide health insurance to his employees
This credit is based on qualified investments made within Indiana. It
prior to Jan. 1, 2009, and makes health insurance available to his
can be up to a maximum of 30 percent of the investment, depending
employees may be eligible for a credit. The credit can be as much as
on the number of employees, the type of business and the amount of
$2,500.
investment in an enterprise zone.
This credit will not be awarded after 2011. Any tax credit previously
For more information about this credit, see Income Tax Information
awarded but not claimed may not be carried over to a taxable year
Bulletin #66 at
and contact the Indiana
beginning during the period January 1, 2012, through December 31,
Economic Development Corporation, One North Capitol, Suite 700,
2013, and must be carried forward to a taxable year that begins after
Indianapolis, IN, 46204, or visit their website at: in.gov.
December 31, 2013, and before January 1, 2016.
Note. See the Restriction for Certain Tax Credits - Limited to One
This credit is available to pass-through entities, such as members of
per Project and the Combined Limitation on page 49 for additional
partnerships and S corporations.
limitations.
For more information see Income Tax Information Bulletin #101 at
Enter code 813 under line 6 if claiming this credit.
Enter code 842 under line 6 if claiming this credit. See the Combined
Limitation on page 49.
Page 45
IT-40 Booklet 2011
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