Indiana Code 6-3.1-26-13. Entitlement to credit
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Sec. 13. A taxpayer that:
(2) complies with the conditions set forth in this chapter and the agreement entered into by the corporation and the taxpayer under this chapter;
(1) is awarded a tax credit under this chapter by the corporation; and
Terms Used In Indiana Code 6-3.1-26-13
- 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: means the Indiana economic development corporation established by IC 5-28-3-1. See Indiana Code 6-3.1-26-2.5
- state tax liability: means a taxpayer's total tax liability that is incurred under:
Indiana Code 6-3.1-26-9
- taxpayer: means an individual, a corporation, a partnership, or other entity that has state tax liability. See Indiana Code 6-3.1-26-11
- Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
is entitled to a credit against the taxpayer’s state tax liability in a taxable year.
As added by P.L.224-2003, SEC.197. Amended by P.L.4-2005, SEC.105.