Disqualification for substantial reduction in, or ceasing

Official textiga.in.govlast amended 2023

operations; relocation
Sec. 11. 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 mine reclamation 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.214-2023, SEC.2.

Amendment history

As added by P.L.214-2023, SEC.2.

Source: view the official text

Nearby sections (25 sections)

6-3.1-36-12 · Credit subject to annual aggregate credit limit
6-3.1-36-13 · Expiration
6-3.1-37.2-1 · "Corporation"
6-3.1-37.2-2 · "Mine reclamation site"
6-3.1-37.2-3 · "Qualified investment"
6-3.1-37.2-4 · "State tax liability"
6-3.1-37.2-5 · "Taxpayer"
6-3.1-37.2-6 · Credit; amount; assignment
6-3.1-37.2-7 · Credit carryover and carryback
6-3.1-37.2-8 · Application to corporation
6-3.1-37.2-9 · Application evaluation
6-3.1-37.2-10 · Agreement
6-3.1-37.2-11 · Disqualification for substantial reduction in, or…
6-3.1-37.2-12 · Application of credit against taxpayer's taxes
6-3.1-37.2-13 · Claiming of credit and submission of certification
6-3.1-37.2-14 · Pass through entities
6-3.1-37.2-15 · Maximum aggregate amount allowed
6-3.1-37.2-16 · Limitations
6-3.1-37.2-17 · Expiration; carryforward after expiration
6-3.1-38-1 · Applicability
6-3.1-38-2 · "Qualified taxpayer"
6-3.1-38-3 · "State tax liability"
6-3.1-38-4 · Credit for qualified taxpayer; credit amounts
6-3.1-38-5 · Reporting requirements
6-3.1-38-6 · Claiming credit on tax return

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