Sec. 6. (a) A
taxpayer is entitled to a credit against the taxpayer’s
state tax liability for a taxable
year if the taxpayer makes a
qualified investment in that taxable year.
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Terms Used In Indiana Code 6-3.1-10-6
- 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
- state tax liability: means a taxpayer's total tax liability that is incurred under IC 6-3-1 through IC 6-3-7 (the adjusted gross income tax), as computed after the application of the credits that, under Indiana Code 6-3.1-10-3
- 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
As added by P.L.9-1986, SEC.8.
