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Indiana Code Title 6. Taxation § 6-3.6-8-2

Current as of January 02, 2024 | Updated by Findlaw Staff

Sec. 2. If the tax is not in effect during a local taxpayer's entire taxable year, the amount of tax that the local taxpayer owes for that taxable year equals the product of:

(1) the amount of tax the local taxpayer would owe if the tax had been imposed during the local taxpayer's entire taxable year;  multiplied by

(2) a fraction equal to:

(A) the number of days in the local taxpayer's taxable year during which the tax was in effect;  divided by

(B) the total number of days in the local taxpayer's taxable year.

However, if the taxpayer files state income tax returns on a calendar year basis, the fraction to be applied under this section is one-half ( 1/2 ).

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Cite this article: FindLaw.com - Indiana Code Title 6. Taxation § 6-3.6-8-2 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-6-taxation/in-code-sect-6-3-6-8-2/

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