Indiana § 6-3-1-43 - "Qualifying investment partnership income"

§ 6-3-1-43. "Qualifying investment partnership income"

Sec. 43. The term "qualifying investment partnership income" means the adjusted gross income from qualifying investment securities, excluding any income or loss from an asset described in section 42(13) of this chapter.

As added by P.L.230-2025, SEC.68.

IC 6-3-2Chapter 2. Imposition of Tax and Deductions

6-3-2-0.3Intent of general assembly adding section 2.3 of this chapter 6-3-2-1Imposition of tax; tax rate; calculation and certification of individual adjusted gross income tax rate 6-3-2-1.5Expired 6-3-2-1.7Election for certain corporations; qualified distribution sales to a distributor for resale; sourcing of the sale 6-3-2-1.9"Federal taxable income" for determination of state net operating loss deduction 6-3-2-2"Adjusted gross income derived from sources within Indiana"; apportionment; payroll factor; sales factor; property factor; pass through entities 6-3-2-2.1Expired 6-3-2-2.2Interest income, discounts, and receipts attributable to state 6-3-2-2.3In-state commercial printing for out-of-state customer 6-3-2-2.4Foreign operating corporations; determination of percentage of business activity outside United States 6-3-2-2.5Resident persons; net operating loss; adjusted gross income 6-3-2-2.6Corporations and nonresident persons; net operating losses 6-3-2-2.7Team members; Indiana income; rules 6-3-2-2.8Exemption; nonprofit entities; Subchapter S corporations; financial institutions; insurance companies; international banking facilities 6-3-2-2.9Repealed 6-3-2-3Repealed 6-3-2-3.1Taxation; nonprofit entities; unrelated business income 6-3-2-3.2Indiana income of race team members 6-3-2-3.3"Nonresident partner"; allocation to partner's state of residence or commercial domicile; treatment as business income; apportionment 6-3-2-3.5Exemption; fares for public transportation services 6-3-2-3.7Remainder of federal civil service annuity minus certain retirement benefits; deduction 6-3-2-4Military service deduction; retirement income or survivor's benefits deduction 6-3-2-5Repealed 6-3-2-5.3Repealed 6-3-2-5.5Repealed 6-3-2-6Deduction; rent payments 6-3-2-7Repealed 6-3-2-8Enterprise zone employers; exemption from deduction 6-3-2-9Disability retirement; deduction; amount 6-3-2-10Unemployment compensation; deduction 6-3-2-11Deductions from adjusted gross income; federal employee paid leave 6-3-2-12Foreign source dividends; deduction; computation 6-3-2-13Expired 6-3-2-14Repealed 6-3-2-14.1Prize money accruing before July 1, 2002; exemption 6-3-2-14.5Repealed 6-3-2-15Repealed 6-3-2-16Transactions between taxable entity and unitary taxpayer subject to IC 6-5.5 6-3-2-17Repealed 6-3-2-18Employee medical care savings accounts; exemption limited to deposits before January 1, 2016 6-3-2-19Distributions for higher education; exemptions 6-3-2-20Corporations; intangible expenses; directly related interest expenses; exceptions 6-3-2-21.7Exemption for certain income derived from patents 6-3-2-22Deduction; unreimbursed education expenditures 6-3-2-24Income tax exemption; Olympic medalist 6-3-2-25Adjusted gross income tax deduction for property taxes imposed for March 1, 2006, or January 15, 2007, assessment 6-3-2-26Deduction for contributions to a regional development authority infrastructure fund 6-3-2-27.5Exemption for Indiana income earned by nonresidents 6-3-2-27.5Exemption for Indiana income earned by nonresidents 6-3-2-28Deduction for qualified health care sharing expenses 6-3-2-29Deduction for specified research or experimental expenditures 6-3-2-30Deduction for qualified production property; recapture 6-3-2-31Deduction for qualified tips 6-3-2-32Deduction for qualified overtime compensation 6-3-2-33Deduction for qualified passenger vehicle loan interest