Indiana § 6-3.1-11-21 Disqualification to claim credit due to substantial reduction or
cessation of operations in Indiana; determination

Indiana Statutes

§ 6-3.1-11-21 — Disqualification to claim credit due to substantial reduction or cessation of operations in Indiana; determination

Indiana § 6-3.1-11-21

Art. 3.1STATE TAX LIABILITY CREDITS

Ch. 11Industrial Recovery Tax Credit

This text of Indiana § 6-3.1-11-21 (Disqualification to claim credit due to substantial reduction or cessation of operations in Indiana; determination) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 6-3.1-11-21 (2026).

Text

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.

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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.