Indiana Code 13-11-2-180.1. “Recycling credits”

Sec. 180.1. “Recycling credits”, for purposes of IC 13-20.5, means the product of:

(1) the remainder for a manufacturer’s program year of:

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Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5

(A) the amount of covered electronic devices the manufacturer recycled, or for which the manufacturer arranged for recycling; minus

(B) the amount the manufacturer is required to recycle or arrange for recycling determined under IC 13-20.5-4-1; multiplied by

(2) twenty-five percent (25%).

As added by P.L.178-2009, SEC.20.