{"data":{"id":"us-in/ic-6-8-11-11.5","jurisdiction":"us-in","citation":"IC 6-8-11-11.5","heading":"Withdrawal of money contributed after December 31, 2015","body":"Sec. 11.5. If an employer contributes money to an account under this chapter after December 31, 2015, for which no exemption applies under IC 6-3-2-18(c) and for which no exemption or exclusion applies under the Internal Revenue Code at the time of contribution:\n(1) the money may be withdrawn from the account by the employee at any time and for any purpose without a penalty; and\n(2) the withdrawal of the principal amount contributed by the employer is not income to the employee that is subject to taxation under IC 6-3-1 through IC 6-3-7.","path":["TITLE 6. TAXATION","ARTICLE 8. MISCELLANEOUS","Chapter 11. Employee Medical Care Savings Account Plans"],"source_url":"https://iga.in.gov/ic/2026/Title_6.html#6-8-11-11.5","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-09T01:51:39Z","sha256":"2ea27906763c5fcf27893ca8718ca7dcf30c9cd8aa8532b9979983e1d5e8d68e","source_id":"us-in","stale":false,"prev":"us-in/ic-6-8-11-11","next":"us-in/ic-6-8-11-12"},"notice":"GroundRules: Original legal text. Not legal advice."}