Section 21-14-4-8 - Amount of exemptions(a) This section applies only to an eligible applicant who attends a state educational institution.(b) The amount of the exemptions under this chapter is equal to one (1) of the following amounts: (1) If the applicant does not receive financial assistance specifically designated for educational costs, the amount determined under sections 2 through 6 of this chapter.(2) If the applicant receives any financial assistance, including federal assistance, specifically designated for educational costs:(A) the amount determined under sections 2 through 6 of this chapter; minus(B) the financial assistance specifically designated for educational costs.Pre-2007 Higher Education Recodification Citation: 20-12-19-2.
Amended by P.L. 240-2023,SEC. 9, eff. 7/1/2023.Amended by P.L. 112-2019,SEC. 13, eff. 7/1/2019.Amended by P.L. 169-2011, SEC. 20, eff. 7/1/2011.As added by P.L. 2-2007, SEC.255.