§ 6-3.1-10-1 “Enterprise zone” defined
§ 6-3.1-10-1.7 “Pass through entity” defined
§ 6-3.1-10-2 “Qualified investment” defined
§ 6-3.1-10-2.5 “SIC Manual” defined
§ 6-3.1-10-3 “State tax liability” defined
§ 6-3.1-10-4 “Taxpayer” defined
§ 6-3.1-10-5 “Transfer ownership” defined
§ 6-3.1-10-6 Credit for qualified investment; amount
§ 6-3.1-10-6.5 Pass through entity; credit
§ 6-3.1-10-7 Carryover of excess credit
§ 6-3.1-10-8 Qualifying for credit; request for determination; findings; certification of credit percentage; application of credit on transfer of ownership
§ 6-3.1-10-9 Claiming credit
§ 6-3.1-10-10 Program expiration; treatment of credit carryovers

Terms Used In Indiana Code > Title 6 > Article 3.1 > Chapter 10 - Enterprise Zone Investment Cost Credit

  • 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.
  • enterprise zone: means an enterprise zone created under IC 5-28-15. See Indiana Code 6-3.1-10-1
  • Month: means a calendar month, unless otherwise expressed. See Indiana Code 1-1-4-5
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • pass through entity: means :

    Indiana Code 6-3.1-10-1.7

  • Population: has the meaning set forth in Ind. See Indiana Code 1-1-4-5
  • Property: includes personal and real property. See Indiana Code 1-1-4-5
  • qualified investment: means the purchase of an ownership interest in a business located in an enterprise zone if the purchase is approved by the Indiana economic development corporation under section 8 of this chapter. See Indiana Code 6-3.1-10-2
  • SIC Manual: refers to the current edition of the Standard Industrial Classification Manual of the United States Office of Management and Budget. See Indiana Code 6-3.1-10-2.5
  • state tax liability: means a taxpayer's total tax liability that is incurred under IC 6-3-1 through IC 6-3-7 (the adjusted gross income tax), as computed after the application of the credits that, under Indiana Code 6-3.1-10-3
  • taxpayer: includes a pass through entity. See Indiana Code 6-3.1-10-4
  • transfer ownership: means to purchase existing investment in a business, including real property, improvements to real property, or equipment. See Indiana Code 6-3.1-10-5
  • United States: includes the District of Columbia and the commonwealths, possessions, states in free association with the United States, and the territories. See Indiana Code 1-1-4-5
  • Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5