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Indiana Code — Title 6 (Taxation)

IC 6-3.1-11-25

Expiration

Official textiga.in.govlast amended

Sec. 25. (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, 2020.

(b) A taxpayer is entitled to receive a credit for a qualified investment made after
December 31, 2019, and before January 1, 2030, if the taxpayer is awarded a credit under:

# (1)

an application approved by the corporation before January 1, 2020; or

# (2)

an agreement entered into by the taxpayer and the corporation before January 1,
2021.

(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, 2020, or made as provided in subsection (b) forward to a taxable year beginning after December 31, 2019, and before January 1, 2030, in the manner provided for by section 17 of this chapter.

(d) This chapter expires January 1, 2030.
As added by P.L.158-2019, SEC.10.

Amendment history

As added by P.L.158-2019, SEC.10.

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Nearby sections (25 sections)
  1. 6-3.1-11-15 · Repealed
  2. 6-3.1-11-16 · Credit for qualified investment; computation of amount;
  3. 6-3.1-11-17 · Carryover of excess credit; carryback or refund of unused
  4. 6-3.1-11-18 · Repealed
  5. 6-3.1-11-18.5 · Application to enter into agreement with the corporation
  6. 6-3.1-11-19 · Evaluation of applications; factors considered; additional
  7. 6-3.1-11-19.5 · Requirement that applicant enter into agreement with the
  8. 6-3.1-11-20 · Repealed
  9. 6-3.1-11-21 · Disqualification to claim credit due to substantial…
  10. 6-3.1-11-22 · Application of credit against taxes owed; order;…
  11. 6-3.1-11-23 · Claiming of credit on annual tax return; certification;…
  12. 6-3.1-11-24 · Pass through entities
  13. 6-3.1-11-25 · Expiration
  14. 6-3.1-13-0.4 · Legalization of actions taken by Indiana economic
  15. 6-3.1-13-1 · Repealed
  16. 6-3.1-13-1.5 · "Corporation"
  17. 6-3.1-13-2 · "Credit amount"
  18. 6-3.1-13-3 · Repealed
  19. 6-3.1-13-4 · "Full-time employee"
  20. 6-3.1-13-5 · "Incremental income tax withholdings"
  21. 6-3.1-13-5.3 · "NAICS"
  22. 6-3.1-13-5.5 · "NAICS industry sector"
  23. 6-3.1-13-6 · "New employee"
  24. 6-3.1-13-7 · "Pass through entity"
  25. 6-3.1-13-8 · "Related member"
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