Application for tax credit; proof of payment
Sec. 9. (a) A person that or an individual who desires to claim a
tax credit as provided in this chapter shall file with the department,
in the form approved by the department, an application stating the
amount of the contribution that the person or individual proposes to
make that would qualify for a tax credit and the amount sought to be
claimed as a credit.
(b) The department shall promptly notify an applicant whether, or
the extent to which, the tax credit is allowable in the state fiscal year
in which the application is filed, as provided in section 6 of this
chapter. If the credit is allowable in that state fiscal year, the
applicant shall within thirty (30) days after receipt of the notice file
with the department a statement, in the form and accompanied by the
proof of payment as the department may prescribe, setting forth that
the amount to be claimed as a credit under this chapter has been paid
to a fund as provided in section 6 of this chapter.
(c) The department may disallow any credit claimed under this
chapter for which the statement or proof of payment is not filed
within the thirty (30) day period.
As added by P.L.15-1997, SEC.2.
Last modified: May 28, 2006