Terms Used In Indiana Code > Title 6 > Article 3.1 > Chapter 37.2 - Mine Reclamation Tax Credit

• 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 unless the context clearly denotes otherwise. See Indiana Code 6-3.1-37.2-1
• Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
• in writing: include printing, lithographing, or other mode of representing words and letters. See Indiana Code 1-1-4-5
• mine reclamation site: means land that has been mined using surface mining methods or underground mining methods, specifically and primarily for the removal of coal, and land contiguous to such previously mined land. See Indiana Code 6-3.1-37.2-2
• Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
• Property: includes personal and real property. See Indiana Code 1-1-4-5
• qualified investment: means the amount of the taxpayer's expenditures for development of property located within a mine reclamation site. See Indiana Code 6-3.1-37.2-3
• state tax liability: means the taxpayer's total tax liability that is incurred under:

  Indiana Code 6-3.1-37.2-4

• taxpayer: means any person, corporation, limited liability company, partnership, or other entity that has any state tax liability and that is the owner or developer of a mine reclamation site. See Indiana Code 6-3.1-37.2-5
• Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5