{"data":{"id":"us-in/ic-6-3.1-7-6","jurisdiction":"us-in","citation":"IC 6-3.1-7-6","heading":"Disallowance of credit","body":"Sec. 6. (a) If the department determines that the proceeds from a loan are used for a purpose other than the purpose stated at the time a credit was claimed under this chapter for interest on that loan, and if that stated purpose caused the department to designate the loan as a qualified loan, then the department shall disallow the credit allowed under this chapter for interest on that loan.\n(b) A taxpayer shall pay to the department the amount of any credit disallowed under this section.","path":["TITLE 6. TAXATION","ARTICLE 3.1. STATE TAX LIABILITY CREDITS","Chapter 7. Enterprise Zone Loan Interest Credit"],"source_url":"https://iga.in.gov/ic/2026/Title_6.html#6-3.1-7-6","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-09T01:51:39Z","sha256":"7ffc0e4d248055d13b3b8abffe365fca4b1462a707a2d2912e3e2176053b9367","source_id":"us-in","stale":false,"prev":"us-in/ic-6-3.1-7-5","next":"us-in/ic-6-3.1-7-7"},"notice":"GroundRules: Original legal text. Not legal advice."}