Indiana Code 6-3.1-34-7. “Qualified investment”
Current as of: 2024 | Check for updates
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Sec. 7. As used in this chapter, “qualified investment” means the amount of the taxpayer‘s expenditures that are:
(2) approved by the corporation before the expenditure is made.
(1) for the redevelopment or rehabilitation of real property located within a qualified redevelopment site; and
Terms Used In Indiana Code 6-3.1-34-7
- qualified redevelopment site: means a vacant or underutilized property in Indiana as determined by the corporation. See Indiana Code 6-3.1-34-6
- rehabilitation: means the betterment of real property in any way. See Indiana Code 6-3.1-34-8
- taxpayer: means any person, corporation, limited liability company, partnership, or other entity that has any state tax liability. See Indiana Code 6-3.1-34-10
As added by P.L.158-2019, SEC.29.