Exemption from income taxes
Applied in 1 court decision — leading case Indiana Department of State Revenue v. Horizon Bancorp (1994)
Most recently applied in Indiana Department of State Revenue v. Horizon Bancorp (December 1994)
As added by P.L.347-1989(ss), SEC.1
Sec. 4. (a) A taxpayer who is subject to taxation under this article for a taxable year or part of a taxable year is not, for that taxable year or part of a taxable year, subject to the income taxes imposed by IC 6-3.
(b) The exemption provided for the taxes listed in subsection (a) does not apply to a taxpayer to the extent the taxpayer is acting in a fiduciary capacity.
Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.