Entitlement to credit; amount
Sec. 2. Each taxable year a person that owns and operates a
registered maternity home located in Indiana under IC 16-26-1 and
provides a temporary residence to at least one (1) pregnant woman
for at least sixty (60) consecutive days during the pregnancy is
entitled to a maternity home tax credit. The amount of the credit for
a taxable year equals the lesser of the following:
(1) An amount equal to the sum of two hundred dollars ($200)
for each pregnant woman who resided in the maternity home
during the taxable year multiplied by a fraction equal to:
(A) the number of days that each pregnant woman resided in
the maternity home during the taxable year; divided by
(B) thirty (30);
minus the amounts collected or owed from each pregnant
woman.
(2) Three thousand dollars ($3,000).
As added by P.L.117-1990, SEC.2. Amended by P.L.2-1993, SEC.57.
Last modified: May 28, 2006