Sec. 14. (a) To be awarded a credit under this chapter, a
taxpayer must submit an application to the
corporation and enter into an agreement with the
corporation.
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Terms Used In Indiana Code 6-3.1-30-14
- 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 6-3.1-30-1.5
- state tax liability: means a taxpayer's total tax liability that is incurred under:
Indiana Code 6-3.1-30-6
- taxpayer: means an individual or entity:
Indiana Code 6-3.1-30-7
- Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
(c) A taxpayer may claim a credit awarded after June 30, 2019, against the taxpayer’s state tax liability for a taxable year only if the corporation awards a credit to the taxpayer and enters into an agreement with the taxpayer under section 15 of this chapter. The corporation may deny an application for a credit under this chapter in its sole discretion. A taxpayer may not seek judicial review of a decision by the corporation to deny a taxpayer’s application for a credit.
As added by P.L.158-2019, SEC.26.
