Sec. 15. This section applies to an application proposing a project to create new jobs in Indiana. After receipt of an application, the corporation may enter into an agreement with the applicant for a credit under this chapter if the corporation determines that all of the following conditions exist:
(1) The applicant's project will create new jobs that were not jobs previously performed by employees of the applicant in Indiana.
(2) The applicant's project is economically sound and will benefit the people of Indiana by increasing opportunities for employment in Indiana and strengthening the economy of Indiana.
(3) Receiving the tax credit is a major factor in the applicant's decision to go forward with the project and not receiving the tax credit will result in the applicant not creating new jobs in Indiana.
(4) Awarding the tax credit will result in an overall positive fiscal impact to the state, as certified by the budget agency using the best available data.
(5) The credit is not prohibited by section 16 of this chapter.
(6) If the business is located in a community revitalization enhancement district established under IC 36-7-13 or a certified technology park established under IC 36-7-32, the legislative body of the political subdivision establishing the district or park has adopted an ordinance recommending the granting of a credit amount that is at least equal to the credit amount provided in the agreement.
As added by P.L.41-1994, SEC.1. Amended by P.L.178-2002, SEC.44; P.L.4-2005, SEC.71; P.L.197-2005, SEC.4.
Structure Indiana Code
Article 3.1. State Tax Liability Credits
Chapter 13. Economic Development for a Growing Economy Tax Credit
6-3.1-13-4. "Full-Time Employee"
6-3.1-13-5. "Incremental Income Tax Withholdings"
6-3.1-13-5.5. "Naics Industry Sector"
6-3.1-13-7. "Pass Through Entity"
6-3.1-13-9. "State Tax Liability"
6-3.1-13-11. Credit Against State Tax Liability
6-3.1-13-13. Purposes for Which Credit May Be Awarded; Years for Which Credit Claimed
6-3.1-13-14. Application to Enter Into Agreement for Tax Credit
6-3.1-13-15. Agreement for Tax Credit With Respect to New Job Creation; Conditions
6-3.1-13-15.5. Agreement for Tax Credit With Respect to Job Retention; Conditions
6-3.1-13-16. Relocation of Jobs From One Site to Another Within State; Credit Prohibited
6-3.1-13-19. Agreement for Tax Credit With Respect to Job Creation; Requirements
6-3.1-13-19.5. Agreement for Tax Credit With Respect to Job Retention; Requirements
6-3.1-13-22. Noncompliance With Agreement; Assessments
6-3.1-13-24. Biennial Evaluation by Indiana Economic Development Corporation
6-3.1-13-25. Rules Adoption; Fees
6-3.1-13-26. Economic Development for a Growing Economy Fund; Use; Investments; Appropriations