{"data":{"id":"us-in/ic-6-3.1-34.6-8","jurisdiction":"us-in","citation":"IC 6-3.1-34.6-8","heading":"Credit claims; credit amounts; claims for vehicles placed into service in 2013","body":"Sec. 8. (a) Subject to subsection (c), a person that places a qualified vehicle into service in a particular taxable year may claim a credit against the person's state tax liability for that taxable year.\n(b) Subject to sections 9 and 10 of this chapter, the amount of the credit that may be claimed for placing a qualified vehicle into service is the amount determined in STEP THREE of the following formula:\nSTEP ONE: Determine the difference between:\n(A) the price of the qualified vehicle; and\n(B) the price of a similarly equipped vehicle of the same make and model that is powered by a gasoline or diesel engine.\nSTEP TWO: Multiply the STEP ONE result by fifty percent (50%).\nSTEP THREE: Determine the lesser of:\n(A) the STEP TWO result; or\n(B) fifteen thousand dollars ($15,000).\n(c) To the extent that a person claims a credit under this chapter for placing a qualified vehicle into service in 2013, the person may claim such a credit only against any state gross retail tax and use tax liability incurred by the person on transactions occurring after June 30, 2015, that involve a natural gas product (as defined by IC 6-6-2.5-16.5) and that are subject to taxation under IC 6-2.5 because the provisions of IC 6-2.5-5-27(b) exclude those transactions involving a natural gas product from the exemption provided in IC 6-2.5-5-27.","path":["TITLE 6. TAXATION","ARTICLE 3.1. STATE TAX LIABILITY CREDITS","Chapter 34.6. Tax Credit for Natural Gas Powered Vehicles"],"source_url":"https://iga.in.gov/ic/2026/Title_6.html#6-3.1-34.6-8","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-09T01:51:39Z","sha256":"24e2c9027d82a0c580b50e83001680e68b57c2d88fdaad58dd819e16b112d2d4","source_id":"us-in","stale":false,"prev":"us-in/ic-6-3.1-34.6-7","next":"us-in/ic-6-3.1-34.6-9"},"notice":"GroundRules: Original legal text. Not legal advice."}