"Qualified applicant"

Official textiga.in.govlast amended 2025

Sec. 2. As used in this chapter, "qualified applicant" means:

# (1)

a short line rail company located in whole or in part in Indiana that is classified by the United States Surface Transportation Board as a Class II or Class III railroad that makes qualified railroad expenditures; or

# (2)

an owner or lessee of a rail siding, industrial spur, or industry track located:

# (A)

on or adjacent to a Class II or Class III railroad in Indiana; or

# (B)

in a qualified rural county;
that makes qualified new rail infrastructure expenditures.
As added by P.L.173-2025, SEC.2.

Amendment history

As added by P.L.173-2025, SEC.2.

Source: view the official text

Nearby sections (25 sections)

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
6-3.1-38-7 · Maximum amount of credit; approval of claims
6-3.1-38-8 · Credit carryover; carryback or refund of unused credit
6-3.1-38-9 · Rules
6-3.1-38.1-1 · "Pass through entity"
6-3.1-38.1-2 · "Qualified applicant"
6-3.1-38.1-3 · "Qualified new rail infrastructure expenditures"
6-3.1-38.1-4 · "Qualified railroad expenditures"
6-3.1-38.1-5 · "Qualified rural county"
6-3.1-38.1-6 · "State tax liability"
6-3.1-38.1-7 · "Taxpayer"
6-3.1-38.1-8 · Applying for tax credit; eligibility
6-3.1-38.1-9 · Amount of tax credit
6-3.1-38.1-10 · Amount of tax credit; pass through entities
6-3.1-38.1-11 · Claiming tax credit
6-3.1-38.1-12 · Carry over of excess tax credit
6-3.1-38.1-13 · Assignment of tax credit
6-3.1-38.1-14 · Aggregate amount of tax credits permitted

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