Sec. 7. (a) A qualified applicant may apply to the corporation for a tax credit under this chapter. The corporation shall prescribe the form and contents of the application.

     (b) The corporation shall evaluate an applicant’s eligibility for a tax credit under this chapter.

Terms Used In Indiana Code 6-3.1-36-7

  • corporation: refers to the Indiana economic development corporation established by IC 5-28-3-1. See Indiana Code 6-3.1-36-1
  • 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.
  • qualified applicant: means a person, corporation, limited liability partnership, limited liability company, or other entity that is engaged in the business of making a qualified media production in Indiana. See Indiana Code 6-3.1-36-2
  • taxpayer: means a qualified applicant that has any state tax liability. See Indiana Code 6-3.1-36-6
     (c) The corporation may certify the eligibility of a taxpayer that meets the requirements for a tax credit under this chapter.

     (d) If the corporation certifies a taxpayer under subsection (c), the corporation shall determine the percentage used to calculate the amount of a tax credit under section 8(2) of this chapter.

As added by P.L.135-2022, SEC.19.

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