§ 6-3.1-34-1 “Board”
§ 6-3.1-34-2 “Corporation”
§ 6-3.1-34-3 “Floor space”
§ 6-3.1-34-3.5 “Mine reclamation site”
§ 6-3.1-34-4 “Pass through entity”
§ 6-3.1-34-5 “Placed in service”
§ 6-3.1-34-6 “Qualified redevelopment site”
§ 6-3.1-34-7 “Qualified investment”
§ 6-3.1-34-8 “Rehabilitation”
§ 6-3.1-34-9 “State tax liability”
§ 6-3.1-34-10 “Taxpayer”
§ 6-3.1-34-11 Application; amount of credit; pass through entity
§ 6-3.1-34-12 Allocation of credit against taxes owed; order; computation
§ 6-3.1-34-13 Credit carryover
§ 6-3.1-34-14 Credit assignment
§ 6-3.1-34-15 Requirements to be awarded a credit
§ 6-3.1-34-16 Factors considered in determining whether to award a credit
§ 6-3.1-34-17 Requirement that taxpayer enter into agreement with the corporation; applicable credit percentage
§ 6-3.1-34-18 Repayment provisions
§ 6-3.1-34-19 Procedure to claim a credit
§ 6-3.1-34-20 Notice of noncompliance; assessment
§ 6-3.1-34-21 Evaluation of the performance of the tax credit program; report

Terms Used In Indiana Code > Title 6 > Article 3.1 > Chapter 34 - Redevelopment Tax Credit

  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • board: means the board of the Indiana economic development corporation. See Indiana Code 6-3.1-34-1
  • corporation: refers to the Indiana economic development corporation established under IC 5-28-3, unless the context clearly denotes otherwise. See Indiana Code 6-3.1-34-2
  • 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.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • floor space: means the usable interior floor space of a building. See Indiana Code 6-3.1-34-3
  • Fraud: Intentional deception resulting in injury to another.
  • in writing: include printing, lithographing, or other mode of representing words and letters. See Indiana Code 1-1-4-5
  • Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
  • 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 a:

    Indiana Code 6-3.1-34-4

  • placed in service: means that property is placed in a condition or state of readiness and available to be occupied. See Indiana Code 6-3.1-34-5
  • Property: includes personal and real property. See Indiana Code 1-1-4-5
  • qualified investment: means the amount of the taxpayer's expenditures that are:

    Indiana Code 6-3.1-34-7

  • qualified redevelopment site: means a vacant or underutilized property in Indiana as determined by the corporation. See Indiana Code 6-3.1-34-6
  • rehabilitation: means the betterment of real property in any way. See Indiana Code 6-3.1-34-8
  • state tax liability: means the taxpayer's total tax liability that is incurred under:

    Indiana Code 6-3.1-34-9

  • taxpayer: means any person, corporation, limited liability company, partnership, or other entity that has any state tax liability. See Indiana Code 6-3.1-34-10
  • Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5