Sec. 21. (a) The board shall establish measurements for evaluating the performance of the tax credit program under this chapter.

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Terms Used In Indiana Code 6-3.1-34-21

  • board: means the board of the Indiana economic development corporation. See Indiana Code 6-3.1-34-1
  • 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 established under IC 5-28-3, unless the context clearly denotes otherwise. See Indiana Code 6-3.1-34-2
  • Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
     (b) Beginning in 2023, and each odd-numbered year thereafter, the corporation shall provide for an evaluation of the tax credit program. The evaluation shall include an assessment of the effectiveness of the program, and the evaluation shall specifically report on the extent to which the tax credit program met the measurements established by the board under subsection (a). The corporation shall include information received or compiled under this section in the economic incentives and compliance report submitted under IC 5-28-28 for the calendar year in which the evaluation is completed.

As added by P.L.158-2019, SEC.29.

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