Indiana § 5-34-3-1 - Determination of income tax liability compared to base year
Full text of Indiana Indiana Code § 5-34-3-1 — Determination of income tax liability compared to base year, with citation guidance and answers to common questions.
§ 5-34-3-1. Determination of income tax liability compared to base year
Sec. 1. For each individual who receives a financial assistance award from the fund, the department shall, in each of the ten (10) taxable years following the taxable year in which the individual graduates from the qualified education program, determine the difference between the individual's base year state income tax liability and the amount of state income tax liability the individual paid in that particular taxable year.
As added by P.L.165-2021, SEC.65.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 5-34-3-1
What does Indiana Code § 5-34-3-1 cover?
Section 5-34-3-1 ("Determination of income tax liability compared to base year") is part of the Indiana Code, the codified statutory law of Indiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Indiana § 5-34-3-1?
A common citation format is "Indiana Code § 5-34-3-1" (Indiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 5-34-3-1 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Indiana.