Sec. 4. (a) As used in this chapter, “taxpayer” means any individual that has any state tax liability.

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Terms Used In Indiana Code 6-3.1-10-4

  • enterprise zone: means an enterprise zone created under IC 5-28-15. See Indiana Code 6-3.1-10-1
  • pass through entity: means :

    Indiana Code 6-3.1-10-1.7

  • Population: has the meaning set forth in 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
  • 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
     (b) Notwithstanding subsection (a), for a credit for a qualified investment in a business located in an enterprise zone in a county having a population of more than one hundred thousand (100,000) and less than one hundred ten thousand (110,000), “taxpayer” includes a pass through entity.

As added by P.L.9-1986, SEC.8. Amended by P.L.24-1995, SEC.24; P.L.57-1996, SEC.2; P.L.170-2002, SEC.23; P.L.104-2022, SEC.27.

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