Indiana Code - Taxation - Title 6, Section 6-3.1-15-11

Remittance of tax credits; defective equipment

Sec. 11. (a) Before September 1 of each year, the department shall
send to the state board a statement of the aggregate tax credits
approved by the department for the preceding state fiscal year, listing
the amount of credits approved from each service center. Within
thirty (30) days following receipt of the department's notice, the state
board shall direct each service center to remit to the department the
entire amount of credits specified in the department's notice and
attributable to the service center. Each service center shall remit the
payment required under this section to the department within thirty

(30) days after receipt of the state board notice.
(b) If a service center determines within thirty (30) days of receipt
of a unit of computer equipment that the equipment is defective or
otherwise fails to meet the minimum standards for qualified
computer equipment, the service center may refuse to issue a tax
credit certification under section 10 of this chapter. If the service
center elects not to issue a tax credit certification for a particular unit
of computer equipment, the service center shall promptly notify the
donor of the equipment and allow the donor thirty (30) days to
retrieve the equipment. Upon the expiration of the thirty (30) day
period, the service center may retain the equipment for any purpose.
As added by P.L.43-1992, SEC.11.

Last modified: May 28, 2006