Sec. 18.5. (a) A taxpayer that proposes to make qualified investments on an industrial recovery site as provided under this chapter may apply to the corporation to enter into an agreement for a tax credit under this chapter.

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Terms Used In Indiana Code 6-3.1-11-18.5

  • 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 created under IC 5-28-3 unless the context clearly denotes otherwise. See Indiana Code 6-3.1-11-2.5
  • industrial recovery site: means land on which a vacant plant having at least one hundred thousand (100,000) square feet of total floor space:

    Indiana Code 6-3.1-11-5

  • taxpayer: means any person, corporation, limited liability company, partnership, or other entity that has any state tax liability and that is the owner or developer of an industrial recovery site. See Indiana Code 6-3.1-11-13
     (b) The corporation shall prescribe the form of the application.

As added by P.L.204-2016, SEC.23.

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