Indiana Code 6-3.1-26-13. Entitlement to credit

Sec. 13. A taxpayer that:

(1) is awarded a tax credit under this chapter by the corporation; and

Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
corporation: means the Indiana economic development corporation established by IC 5-28-3-1. See Indiana Code 6-3.1-26-2.5
state tax liability: means a taxpayer's total tax liability that is incurred under:
Indiana Code 6-3.1-26-9
taxpayer: means an individual, a corporation, a partnership, or other entity that has state tax liability. See Indiana Code 6-3.1-26-11
Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5

(2) complies with the conditions set forth in this chapter and the agreement entered into by the corporation and the taxpayer under this chapter;

is entitled to a credit against the taxpayer’s state tax liability in a taxable year.

As added by P.L.224-2003, SEC.197. Amended by P.L.4-2005, SEC.105.