Rewards for information to assist law enforcement officials;
exemption
Sec. 17. A reward received by an individual is exempt from
taxation under IC 6-3-1 through IC 6-3-7, in an amount not to exceed
one thousand dollars ($1,000), if:
(1) the reward is for information provided to a law enforcement
official or agency, or to a not-for-profit corporation whose
exclusive purpose is to assist law enforcement officials or
agencies;
(2) the information that is provided assists in the arrest,
indictment, or the filing of charges against a person; and
(3) the individual is not:
(A) compensated for investigating crimes or accidents
(including an employee of, or an individual under contract
with, a law enforcement agency);
(B) the person convicted of the crime; or
(C) the victim of the crime.
As added by P.L.1-1990, SEC.78.
Last modified: May 28, 2006