Indiana Statutes
§ 6-3.1-11-21 — Disqualification to claim credit due to substantial reduction or cessation of operations in Indiana; determination
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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Indiana § 6-3.1-11-21 (Disqualification to claim credit due to substantial reduction or cessation of operations in Indiana; determination) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
As added by P.L.379-1987(ss), SEC.11. Amended by
P.L.288-2013, SEC.42.
Nearby Sections
15
§ 6-1.1-1-1
Applicability§ 6-1.1-1-1.5
"Assessing official"§ 6-1.1-1-10
"Person"§ 6-1.1-1-11
"Personal property"§ 6-1.1-1-12
"Political subdivision"§ 6-1.1-1-13
Repealed§ 6-1.1-1-14
"Property taxation"§ 6-1.1-1-15
"Real property"§ 6-1.1-1-16
"School corporation"§ 6-1.1-1-17
"Special assessment"§ 6-1.1-1-18
"State agency"§ 6-1.1-1-19
"Tangible property"§ 6-1.1-1-2
"Assessment date"§ 6-1.1-1-20
"Taxing district"§ 6-1.1-1-21
"Taxing unit"