Sec. 10. (a) Notwithstanding any other law and except as provided in subsection (b), a taxpayer is entitled to receive a credit under this chapter only for a qualified investment made before January 1, 2018.
(b) A taxpayer is entitled to receive a credit for a qualified investment made after December 31, 2017, and before January 1, 2028, if the qualified investment is approved by the Indiana economic development corporation before January 1, 2018.
(c) This section may not be construed to prevent a taxpayer from carrying an unused tax credit attributable to a qualified investment made before January 1, 2018, or made as provided in subsection (b) forward to a taxable year beginning after December 31, 2017, and before January 1, 2028, in the manner provided by section 7 of this chapter.
(d) This chapter expires January 1, 2028.
As added by P.L.238-2017, SEC.21.
Structure Indiana Code
Article 3.1. State Tax Liability Credits
Chapter 10. Enterprise Zone Investment Cost Credit
6-3.1-10-1. "Enterprise Zone" Defined
6-3.1-10-1.7. "Pass Through Entity" Defined
6-3.1-10-2. "Qualified Investment" Defined
6-3.1-10-2.5. "Sic Manual" Defined
6-3.1-10-3. "State Tax Liability" Defined
6-3.1-10-4. "Taxpayer" Defined
6-3.1-10-5. "Transfer Ownership" Defined
6-3.1-10-6. Credit for Qualified Investment; Amount
6-3.1-10-6.5. Pass Through Entity; Credit
6-3.1-10-7. Carryover of Excess Credit
6-3.1-10-10. Program Expiration; Treatment of Credit Carryovers