Indiana Code 6-3.1-36-8. Determination of tax credit amount
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Sec. 8. If the corporation certifies a taxpayer under section 7(c) of this chapter, the taxpayer is entitled to a tax credit under this chapter equal to:
(2) a percentage determined by the corporation, not to exceed thirty percent (30%).
(1) the amount of the taxpayer’s qualified production expenses; multiplied by
Terms Used In Indiana Code 6-3.1-36-8
- 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 by IC 5-28-3-1. See Indiana Code 6-3.1-36-1
- qualified production expenses: means expenses incurred by a qualified applicant for a qualified media production. See Indiana Code 6-3.1-36-4
- taxpayer: means a qualified applicant that has any state tax liability. See Indiana Code 6-3.1-36-6
As added by P.L.135-2022, SEC.19.