{"data":{"id":"us-in/ic-6-3.1-22-8","jurisdiction":"us-in","citation":"IC 6-3.1-22-8","heading":"Entitlement to credit","body":"Sec. 8. (a) Subject to section 14 of this chapter, and except as provided in section 15.5 of this chapter, a taxpayer is entitled to a credit against the taxpayer's state tax liability in the taxable year in which the taxpayer completes the preservation or rehabilitation of historic property and obtains the certifications required under section 9 of this chapter.\n(b) The amount of the credit is equal to the lesser of ten thousand dollars ($10,000) or twenty percent (20%) of the qualified expenditures that:\n(1) the taxpayer makes for the preservation or rehabilitation of historic property; and\n(2) are approved by the office.\n(c) In the case of a husband and wife who:\n(1) own and rehabilitate a historic property jointly; and\n(2) file separate tax returns;\nthe husband and wife may take the credit in equal shares or one (1) spouse may take the whole credit.","path":["TITLE 6. TAXATION","ARTICLE 3.1. STATE TAX LIABILITY CREDITS","Chapter 22. Residential Historic Rehabilitation Credit"],"source_url":"https://iga.in.gov/ic/2026/Title_6.html#6-3.1-22-8","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-09T01:51:39Z","sha256":"f9dff5f6eca608bad1930e7079c86e0ea2929b47cd66b28315da613256e8715c","source_id":"us-in","stale":false,"prev":"us-in/ic-6-3.1-22-7","next":"us-in/ic-6-3.1-22-9"},"notice":"GroundRules: Original legal text. Not legal advice."}