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Indiana Code — Title 6 (Taxation)

IC 6-3.1-11-21

Disqualification to claim credit due to substantial reduction or

Official textiga.in.govlast amended

cessation of operations in Indiana; determination
Sec. 21. A taxpayer is not entitled to claim the credit provided by this chapter if the corporation determines that the taxpayer has substantially reduced or ceased its operations in Indiana in order to relocate them within the industrial recovery site. A determination that a taxpayer is not entitled to the credit provided by this chapter as a result of a substantial reduction or cessation of operations applies to credits that would otherwise arise in the taxable year in which the substantial reduction or cessation occurs and in all subsequent years.
As added by P.L.379-1987(ss), SEC.11. Amended by P.L.288-2013, SEC.42.

Amendment history

As added by P.L.379-1987(ss), SEC.11. Amended by P.L.288-2013, SEC.42.

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Nearby sections (25 sections)
  1. 6-3.1-11-11 · "Rehabilitation"
  2. 6-3.1-11-12 · "State tax liability"
  3. 6-3.1-11-13 · "Taxpayer"
  4. 6-3.1-11-14 · "Vacant"
  5. 6-3.1-11-15 · Repealed
  6. 6-3.1-11-16 · Credit for qualified investment; computation of amount;
  7. 6-3.1-11-17 · Carryover of excess credit; carryback or refund of unused
  8. 6-3.1-11-18 · Repealed
  9. 6-3.1-11-18.5 · Application to enter into agreement with the corporation
  10. 6-3.1-11-19 · Evaluation of applications; factors considered; additional
  11. 6-3.1-11-19.5 · Requirement that applicant enter into agreement with the
  12. 6-3.1-11-20 · Repealed
  13. 6-3.1-11-21 · Disqualification to claim credit due to substantial…
  14. 6-3.1-11-22 · Application of credit against taxes owed; order;…
  15. 6-3.1-11-23 · Claiming of credit on annual tax return; certification;…
  16. 6-3.1-11-24 · Pass through entities
  17. 6-3.1-11-25 · Expiration
  18. 6-3.1-13-0.4 · Legalization of actions taken by Indiana economic
  19. 6-3.1-13-1 · Repealed
  20. 6-3.1-13-1.5 · "Corporation"
  21. 6-3.1-13-2 · "Credit amount"
  22. 6-3.1-13-3 · Repealed
  23. 6-3.1-13-4 · "Full-time employee"
  24. 6-3.1-13-5 · "Incremental income tax withholdings"
  25. 6-3.1-13-5.3 · "NAICS"
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