{"data":{"id":"us-in/ic-6-3.1-40-11","jurisdiction":"us-in","citation":"IC 6-3.1-40-11","heading":"Maximum amount of credits allowed; exception","body":"Sec. 11. (a) Subject to subsection (b), the total amount of tax credits awarded under this chapter may not exceed ten million dollars ($10,000,000) in the state fiscal year beginning July 1, 2025, and ending June 30, 2026, and in each state fiscal year thereafter.\n(b) For a taxable year beginning after December 31, 2024, and before January 1, 2026, only that part of a taxpayer's tax credit that is attributable to the period of time beginning after June 30, 2025, and before January 1, 2026, is subject to the maximum amount provided in subsection (a).","path":["TITLE 6. TAXATION","ARTICLE 3.1. STATE TAX LIABILITY CREDITS","Chapter 40. Physician Practice Ownership Tax Credit"],"source_url":"https://iga.in.gov/ic/2026/Title_6.html#6-3.1-40-11","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-09T01:51:39Z","sha256":"008d376f9c1dc9186929ac23047c66b17277c68b7bb6d824664b5f9e7f6739b5","source_id":"us-in","stale":false,"prev":"us-in/ic-6-3.1-40-10","next":"us-in/ic-6-3.1-40-12"},"notice":"GroundRules: Original legal text. Not legal advice."}