Indiana Capital Investment Tax Credit

Indiana House Bill 1002 provides that a tax credit may not be awarded for a capital investment made after December 31, 2016; however, a taxpayer can carry over an unused tax credit attributable to a taxable year beginning before January 1, 2017 to a taxable year beginning after December 31, 2016. This credit expires January 1, 2020. Additionally, for purposes of the computer equipment donation credit, the bill defines “buddy system project” as a statewide computer project placing computers in homes of public school students and any other educational technology program or project jointly authorized by the state superintendent of public instruction and the governor.