S corporations and partnerships may take this credit and pass through the unused portion to their shareholders and partners. Form IT-20 REC must be completed and a copy attached to claim this credit. For more information about this credit, contact the Department.

Note: This credit has been made permanent.

Neighborhood Assistance Credit
If you made a contribution or engaged in activities to upgrade areas in Indiana, you may be able to claim a credit for this assistance.

This credit is administered by the Department of Commerce. Form NC-20 must be attached to claim this credit.

S corporations and partnerships may take this credit and pass through the unused portion to their shareholders and partners.

For more information about this credit, contact the Department and request Form NC-20 and Income Tax Information Bulletin #22.

Teacher Summer Employment Credit
If you hire math or science teachers during the summer vacation, you may be able to take a credit. The qualified positions must be certified by the Department of Education, and the certificate must be attached to your tax return before the credit can be approved. Contact the Department of Education at (317) 232-6676 for more information about this credit. For additional information visit the Department of Education's web site.

Twenty-First Century Scholars Program Credit
A tax credit is allowed for contributions made to the Twenty-First Century Scholars Program Support Fund. The credit is equal to 50% of the contributions made during the tax year up to a maximum limit of $100 for a single return and $200 for a joint return.

To claim this credit you must complete and attach Schedule TCSP- 40. Contact the Department to get a Schedule TCSP-40. Detailed information about the scholarship program, registration and administration may be obtained by calling the office of the Twenty-First Century Scholars Program at (317) 233-2100.

Note: This credit is not the same as the College Credit.

Coal Combustion Product Tax Credit
A manufacturer who uses coal combustion products (byproduct resulting from the combustion of coal in an Indiana facility) for the manufacturing of recycled components and is a new business may be eligible for this credit. Pass-through entities are eligible for this credit.

Note: A taxpayer that obtains a property tax deduction for investment property purchased by the manufacturer of coal combustion products is not eligible for this credit.

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