Indiana Other Certified Credits

Other Certified Credits
Form IN-OCC
Schedule IN-OCC

Other Certified Credits

State Form 55629
(R9 / 9-23)

2023

Enclosure
Sequence No. 25

Name shown on Form IT-40/IT-40PNR	

Your Social Security Number

Name shown on IT-20/IT-20NP/IT-65/IT-20S/FIT-20/IT-41	

Federal Employer Identification Number

Complete this schedule if you are reporting any of the following credits: EDGE-NR Credit; EDGE-NR Credit -Composite; Film and Media Production
Credit; Film and Medial Production Credit - Composite; Foster Care Donation Credit; Foster Care Donation Credit - Composite; Headquarters
Relocation Credit; Headquarters Relocation Credit - Composite Hoosier Business Investment Credit; Hoosier Business Investment Credit - Composite;
Hoosier Business Investment Credit - Logistics; Hoosier Business Investment Credit - Logistics - Composite; Natural Gas Commercial Vehicle Credit;
Natural Gas Commercial Vehicle Credit - Composite; Redevelopment Tax Credit; Redevelopment Tax Credit - Composite; School Scholarship Credit;
School Scholarship Credit - Composite; Venture Capital Investment Credit; Venture Capital Investment Credit - Composite; VCI - Qualified Indiana
Investment Fund; VCI - Qualified Indiana Investment Fund - Composite.

Column A
IT-20S/IT65
Enter FEIN if Credit
is from IN K-1

Column B
Certification
Year

Column C
Certification/
Project
Number

Column D

Column E

Tax Credit
Code

Amount
Claimed

1.	

1	

.00

2.	

2	

.00

3.	

3	

.00

4.	

4	

.00

5.	

5	

.00

6.	

6	

.00

7.	

7	

.00

8.	

8	

.00

9.	

9	

.00

10.	

10	

.00

11.	

11	

.00

12.	

12	

.00

13.	

13	

.00

14.	

14	

.00

15.	

15	

.00

16. Add amounts from Column E, lines 1 - 15, and enter total here. Carry to the
	 appropriate line on: Schedule 6; Schedule G; Form IT-20; Form IT-20NP; Form IT-41; or
	 Form FIT-20 (Form IT-65 and Form IT-20S filers must see special reporting instructions)_____Total	

16	

.00

*21523111694*
21523111694

Instructions for Other Certified Credits
Who Must Complete This Schedule
You must complete this schedule if you are reporting any of the
following credits:
Tax Credit
Code

Credit Name
EDGE-NR Credit

865

EDGE-NR Credit - Composite

*1865

Film and Media Production Credit

869

Film and Medial Production Credit - Composite
Foster Care Donation Credit

*1869
867

Foster Care Donation Credit - Composite

*1867

Headquarters Relocation Credit

818

Headquarters Relocation Credit - Composite
Hoosier Business Investment Credit

*1818
820

Hoosier Business Investment Credit - Composite
Hoosier Business Investment Credit - Logistics
Hoosier Business Investment Credit - Logistics Composite
Natural Gas Commercial Vehicle Credit

*1820
860
*1860
858

Natural Gas Commercial Vehicle Credit Composite

*1858

Redevelopment Tax Credit

863

Redevelopment Tax Credit - Composite

*1863

School Scholarship Credit

849

School Scholarship Credit - Composite

*1849

Venture Capital Investment Credit

835

Venture Capital Investment Credit - Composite
VCI - Qualified Indiana Investment Fund

*1835
868

VCI - Qualified Indiana Investment Fund Composite

*1868

Column B. Enter the tax year for which the credit has been
certified. You can find this information in the certification letter
you received from the authorizing entity or on your IN K-1, if
applicable.
Column C. Certification or project numbers and PINs* are
numeric characters. Enter the certification or project number you
received from the authorizing entity. You can find this number in
the certification letter you received from the authorizing entity or on
your IN K-1. If you also have received a PIN, add it to the right of
your project number and enter the combined number in this box.
For example, express the combined certification or project number
“123456” and PIN “1234” as “1234561234” in Column C. Do not
include any dashes.
*You may have a Venture Capital Investment Credit that has
no certification number, project number, or PIN associated
with it. If this is the case, enter in Column B the first year you
were eligible to claim the credit, and the 3- or 4-digit tax credit
code number associated with it in Column D. Make sure to
keep your approval paperwork with your records as the
department may request it at a later date.
Column D. Enter the 3- or 4-digit* tax code number associated
with the credit.
*4-Digit Code Utilization.
The 4-digit code represents a certified credit that has been used
to offset a nonresident shareholder’s/partner’s (taxpayer’s)
composite tax on the Indiana S corporation/partnership return.
If the nonresident taxpayer has other Indiana-source income
and/or owes county tax, he will need to file an individual income
tax return with Indiana. Since the income taxed for composite
purposes will also be included on the taxpayer’s income tax
return, the amount of the credit used on the composite filing may
also be used to offset tax due on the individual tax return.
Example: Partnership A has a Hoosier Business Investment (HBI)
Credit. As a nonresident partner, Jim’s share of that credit is $700.
The partnership used $400 of Jim’s credit to offset his tax liability
on the composite filing, leaving a $300 remaining credit. The IN
K-1 will breakdown the credit as follows:

Line-by-line Instructions
Enter the name of the entity claiming the credit(s).
Enter the corresponding Social Security number or federal
employer identification number.
Columns A – E. The following information details how to complete
Columns A - E. If you are claiming more than one 3-digit and/or
or 4-digit credit, please enter each one separately. Also, if you are
claiming an identical three-digit or four-digit code from multiple
sources, such as a Hoosier Business Investment Credit from two
different partnerships, list each credit and source on a separate line.
Column A. If you are a member of an S corporation or partnership
and are claiming one or more of the above credits from your IN
K-1, enter the federal employer identification number of the S
corporation or partnership in this column. If the credit you are
reporting does not flow from an S corporation or partnership,
leave this column blank.
Do not use a dash when entering the number. For example, enter
12-3456789 as 123456789.

Credit Name

3- or 4-Digit Code

HBI Credit – Composite

1820

Amount
$400

HBI Credit 	

820

$300

Since Jim has other Indiana-source income, he will file Form
IT-40PNR, reporting all Indiana-source income (including his
income taxed on the composite return). When completing the
IN-OCC, he will be able to use up to $700 of his HBI credit, using
the amount associated with the 4-digit number first.
For example, if his total state tax liability is $500, he will list “HBI
1820 $400” on Schedule IN-OCC, and then report the remaining
amount needed as “HBI 820 $100”. He will have a remaining $200
HBI credit (3-digit code 820) available to be carried forward.

*24100000000*
24100000000

Important. The credit used to offset the composite tax, labeled
with a 4-digit code, must be utilized on the individual tax return
prior to using any credit labeled with a 3-digit credit code.
The 4-digit code has the same carryforward provision as does its
equivalent 3-digit code.
Column E. Enter the amount of credit you are claiming.
Limitation. The credits listed on this schedule are limited to offset
Indiana adjusted gross income tax. For example, if your School
Scholarship Credit is $500 and your adjusted gross income tax
is $425, you should enter the $425 limited amount in Column E.
Since any unused portion of this credit is eligible to be carried
over to the next tax year, you will be eligible to claim the remaining
$75 credit on next year’s tax return.
Line 16
Once you have completed this schedule, carry the credit amount
from Column E, line 16, to the appropriate form/schedule
(Schedule 6 or Schedule G for individual filers, Form IT-20, Form
IT-20S, Form IT-20NP, Form IT-41 or Form FIT-20), and enclose
this schedule when filing your tax return.
Note. If filing by paper and you need more than 15 lines, complete
and attach additional copies of Schedule IN-OCC as needed,
but do not complete line 16. On the first schedule, enter the total
credit amounts from all pages on line 16.

Special Instructions for Form IT-20S/IT-65 Filers:
If filing this schedule with the IT-20S or IT-65, only reflect the
credit amounts for the partners/shareholders included on the
composite return. Do not include credits from the IN K-1’s that
are for Indiana residents. Enter the combined pro rata credits on
one line of the IN-OCC; do not enter a line for each composite
member.
If the IT-20S or IT-65 has received an IN K-1 reflecting a 4-digit
pass-through credit from another entity that has already been
utilized on a mandatory composite filing on the behalf of the
current filing entity, this amount must be reflected on the IN-OCC
prior to any unutilized 3-digit credit code amount.
The total amount of 3- and 4-digit credit codes claimed against the
composite return cannot exceed the entity’s total tax due.
In addition, use tax cannot be offset by these nonrefundable
credits if included in the total tax due.
Note. For more information about these credits, see the instruction
booklets posted online at www.in.gov/dor/tax-forms/ for:
•	 Form IT-40/IT-40PNR (Schedule 6/G claimants)
•	 Form IT-20
•	 Form IT-20NP
•	 Form FIT-20
•	 Form IT-65
•	 Form IT-20S

Form IT-20S/IT-65 filers must see the following Special
Instructions.

*24100000000*
24100000000