Sec. 10. (a) Notwithstanding any other law and except as provided in subsection (b), a
taxpayer is entitled to receive a credit under this chapter only for a
qualified investment made before January 1, 2018.
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Terms Used In Indiana Code 6-3.1-10-10
- 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.
- 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
- taxpayer: includes a pass through entity. See Indiana Code 6-3.1-10-4
- Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
(c) This section may not be construed to prevent a taxpayer from carrying an unused tax credit attributable to a qualified investment made before January 1, 2018, or made as provided in subsection (b) forward to a taxable year beginning after December 31, 2017, and before January 1, 2028, in the manner provided by section 7 of this chapter.
(d) This chapter expires January 1, 2028.
As added by P.L.238-2017, SEC.21.
