Terms Used In Indiana Code > Title 6 > Article 3.1 > Chapter 36 - Film and Media Production 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}
• 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: refers to the Indiana economic development corporation established by IC 5-28-3-1. See Indiana Code 6-3.1-36-1
• 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.
• 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
• qualified media production: means :

  Indiana Code 6-3.1-36-3

• qualified production expenses: means expenses incurred by a qualified applicant for a qualified media production. See Indiana Code 6-3.1-36-4
• state tax liability: means a taxpayer's total tax liability that is incurred under:

  Indiana Code 6-3.1-36-5

• taxpayer: means a qualified applicant that has any state tax liability. See Indiana Code 6-3.1-36-6
• Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5