Sec. 8. (a) Notwithstanding any other law, a taxpayer is not entitled to receive a credit under this chapter for interest received on a qualified loan made after December 31, 2017. However, this section may not be construed to prevent a taxpayer from carrying an unused tax credit attributable to a qualified loan made before January 1, 2018, forward to a taxable year beginning after December 31, 2017, and before January 1, 2028, in the manner provided by section 3 of this chapter.

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Terms Used In Indiana Code 6-3.1-7-8

  • Qualified loan: means a loan made to an entity that uses the loan proceeds for:

    Indiana Code 6-3.1-7-1

  • Taxpayer: means any person, corporation, limited liability company, partnership, or other entity that has any state tax liability. See Indiana Code 6-3.1-7-1
  • Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
     (b) This chapter expires January 1, 2028.

As added by P.L.238-2017, SEC.20.

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