Indiana Code 6-3.1-7-7. Tax credit report
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Sec. 7. The department shall annually compile and report to the Indiana economic development corporation the following information:
(2) The total amount of the claims for tax credits described in subdivision (1).
(1) The number of tax credits claimed under this chapter for returns processed during the preceding state fiscal year.
Terms Used In Indiana Code 6-3.1-7-7
- 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.
- Enterprise zone: means an enterprise zone created under IC 5-28-15. See Indiana Code 6-3.1-7-1
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
(3) For each enterprise zone, the number and amount of the claims for tax credits described in subdivision (1) that are attributable to loans made to businesses located in the enterprise zone.
As added by P.L.214-2005, SEC.17.