Indiana Code — Title 6 (Taxation)

IC 6-3.1-13-15

Agreement for tax credit with respect to new job creation;

Official textiga.in.govlast amended 2005

conditions
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.

Amendment history

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.

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