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Indiana Other Certified Credits
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Extracted from PDF file 2024-indiana-form-in-occ.pdf, last modified November 2024Other Certified Credits
Schedule IN-OCC Indiana Department of Revenue Enclosure Sequence No. 25 2024 Other Certified Credits State Form 55629 (R10 / 9-24) 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 Part A if you are reporting any of the following credits: Attainable Homeownership Credit, Attainable Homeownership Credit - Composite, 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; Health Reimbursement Arrangement Credit, Historic Rehabilitation Credit, Historic Rehabilitation Credit - Composite, 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; Physician Practice Ownership Credit, 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. Part A Column A Column B Column C Column D Column E Column F Column G IT-20S/IT-41/IT-65 Enter FEIN if Credit is from IN K-1 Certification Year Certification / Project Number Tax Credit Code Amount Available Amount Claimed Carryforward Amount 1. 00 1. 00 00 2. 00 2. 00 00 3. 00 3. 00 00 4. 00 4. 00 00 5. 00 5. 00 00 6. 00 6. 00 00 7. 00 7. 00 00 8. 00 8. Add amounts from column F, line 1 - 7, and enter the 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 *21524111694* 21524111694 Schedule IN-OCC Indiana Department of Revenue Enclosure Sequence No. 25A Other Certified Credits; Part B State Form 55629 (R10 / 9-24) 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 Part B Column A Column B Column C Column D Column E Column F Column G IT-20S/IT-41/IT-65 Enter FEIN if Credit is from IN K-1 First Credit Year Certification / Project Number Tax Credit Code Amount Available Amount Claimed Carryforward Amount 1. 00 00 00 2. 00 00 00 3. 00 00 00 4. 00 00 00 5. 00 00 00 6. 00 00 00 7. 00 00 00 *24100000000* 24100000000 Instructions for Other Certified Credits Who Must Complete This Schedule You must complete Part A of the schedule if you are reporting any of the credits listed in the table below. In addition, you must complete Part B if you: • Have any credits that you are carrying forward from a previous taxable year, • Have any credits that first became available during the taxable year and were not used during the taxable year, and/ or • Have any research expense credits for an individual that are not reflected on a Schedule IN K-1 or IT-41 Schedule IN K-1. Tax Credit Code Credit Name Attainable Homeownership Credit 875 Attainable Homeownership Credit - Composite EDGE-NR Credit 1875 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 *1818 Health Reimbursement Arrangement Credit 878 Historic Rehabilitation Credit 879 Historic Rehabilitation Credit - Composite 1879 Hoosier Business Investment Credit 820 Hoosier Business Investment Credit - Composite Hoosier Business Investment Credit - Logistics Hoosier Business Investment Credit - Logistics Composite Natural Gas Commercial Vehicle Credit *1860 *1858 Physician Practice Ownership Credit 880 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 Composite 860 858 Natural Gas Commercial Vehicle Credit Composite VCI - Qualified Indiana Investment Fund *1820 *1835 868 *1868 Part A 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 – G. The following information details how to complete Columns A – G. If you are claiming more than one 3-digit and/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 or a beneficiary of an estate or trust 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, partnership, estate, or trust in this column. If the credit you are reporting does not flow from an S corporation, partnership, estate, or trust, leave this column blank. Do not use a dash when entering the number. For example, enter 12-3456789 as 123456789. 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. For the physician practice credit, enter your license number without the last letter. For example, if you have licenses 98765432A and 98765432B, enter “98765432.” Column D. Enter the 3- or 4-digit* tax code number associated with the credit. *24100000000* 24100000000 *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: Credit Name 3- or 4-Digit Code Amount HBI Credit – Composite 1820 $400 HBI Credit 820 $300 Since Jim has other Indiana-source income, he will file Form IT40PNR, 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. 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 that is available to be claimed. If this is the first year for which you are entitled to the credit, enter the amount that you are entitled to claim. If this is a carryforward from a previous year, enter the amount that you are carrying forward into this year. Column F. Enter the amount of the credit that you are claiming during this year. Do not claim more than the amount listed in Column E. 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 F. 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 8. Once you have completed this schedule, carry the credit amount from Column F, line 8, 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 7 lines, complete and attach additional copies of Schedule IN-OCC as needed, but do not complete line 8. On the first schedule, enter the total credit amounts from all pages on line 8. Form IT-20S/IT-65 filers must see the following Special Instructions. 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 Column G. Enter the amount in Column E minus the amount in Column F. If the credit is eligible to be carried forward, this is the amount available for carryforward. Complete this column even if the credit cannot be carried forward. *24100000000* 24100000000 Part B Line-by-Line Instructions Note. If you have multiple credits with the same code available but for different sources (e.g., research expense credits from two separate pass through entities) and/or different years (e.g., the same credit type that first became available during different years), list each year and source on a separate line. Column A. If you are a member of an S corporation or partnership or a beneficiary of an estate or trust 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, partnership, estate, or trust in this column. If the credit you are reporting does not flow from an S corporation, partnership, estate, or trust, leave this column blank. Do not use a dash when entering the number. For example, enter 12-3456789 as 123456789. Column B. Enter the first year for which you were first entitled to the credit. For instance, if you were first entitled to a credit in 2022 but did not use the credit until 2024, enter 2022. Column C. If you are claiming a credit from Schedule IN-OCC, enter the certification number for the credit associated with that line. Otherwise: • Enter 111 if this is a research expense credit claimed by an individual based on activities occurring as a sole proprietor. • Enter 222 if this is a research expense credit claimed by an individual as a result of activities occurring in a singlemember limited liability company in which the individual is the sole member or trust in which the individual is a grantor. • Enter 0 for all other non-IN-OCC credits. Column D. Enter the three-digit code associated with the credit. These will generally be found in the instruction booklet for your tax return. For individuals, enter the following for certain credits without a three-digit code: • 807 – College credit • 810 – Credit for out-of-state local taxes • 811 – Credit for taxes paid to another state Column E. Enter the amount of credit that is available to be claimed. If this is the first year for which you are entitled to the credit, enter the amount that you are entitled to claim. If this is a carryforward from a previous year, enter the amount that you are carrying forward into this year. Column F. Enter the amount of the credit that you are claiming during this year. Please note that if you are claiming a credit listed on multiple lines for a taxable year (e.g., a research expense credit from two different pass-through entities), list the amount claimed against each line separately. Do not claim more than the amount listed in Column E. Column G. Enter the amount in Column E minus the amount in Column F. If the credit is eligible to be carried forward, this is the amount available for carryforward. Complete this column even if the credit cannot be carried forward. *24100000000* 24100000000
Schedule IN-OCC
More about the Indiana Form IN-OCC Individual Income Tax Tax Credit TY 2024
We last updated the Other Certified Credits in February 2025, so this is the latest version of Form IN-OCC, fully updated for tax year 2024. You can download or print current or past-year PDFs of Form IN-OCC directly from TaxFormFinder. You can print other Indiana tax forms here.
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TaxFormFinder has an additional 69 Indiana income tax forms that you may need, plus all federal income tax forms.
| Form Code | Form Name |
|---|---|
| Form SC-40 | Unified Tax Credit for the Elderly |
| IT-40 Booklet | IT-40 Income Tax Instruction Booklet |
| Schedule 2 | Deductions |
| Schedule B | Add-Backs (Nonresident) |
| Form IN-EDGE-R | Economic Development for a Growing Economy Retention Credit |
View all 70 Indiana Income Tax Forms
Form Sources:
Indiana usually releases forms for the current tax year between January and April. We last updated Indiana Form IN-OCC from the Department of Revenue in February 2025.
Form IN-OCC is an Indiana Individual Income Tax form. States often have dozens of even hundreds of various tax credits, which, unlike deductions, provide a dollar-for-dollar reduction of tax liability. Some common tax credits apply to many taxpayers, while others only apply to extremely specific situations. In most cases, you will have to provide evidence to show that you are eligible for the tax credit, and calculate the amount of the credit to which you are entitled.
About the Individual Income Tax
The IRS and most states collect a personal income tax, which is paid throughout the year via tax withholding or estimated income tax payments.
Most taxpayers are required to file a yearly income tax return in April to both the Internal Revenue Service and their state's revenue department, which will result in either a tax refund of excess withheld income or a tax payment if the withholding does not cover the taxpayer's entire liability. Every taxpayer's situation is different - please consult a CPA or licensed tax preparer to ensure that you are filing the correct tax forms!
Historical Past-Year Versions of Indiana Form IN-OCC
We have a total of eleven past-year versions of Form IN-OCC in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2014 Form IN-OCC
IN-OCC
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