Sec. 6. (a) A taxpayer is entitled to a credit against the taxpayer's state tax liability for a taxable year if the taxpayer makes a qualified investment in that taxable year.
(b) The amount of the credit to which a taxpayer is entitled is the percentage determined under section 8 of this chapter multiplied by the price of the qualified investment made by the taxpayer during the taxable year.
As added by P.L.9-1986, SEC.8.
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