Indiana § 6-3.1-13-18 Duration of credit; maximum credit with respect to job creation;
prohibit computation of credit

Indiana Statutes

§ 6-3.1-13-18 — Duration of credit; maximum credit with respect to job creation; prohibit computation of credit

Indiana § 6-3.1-13-18

Art. 3.1STATE TAX LIABILITY CREDITS

Ch. 13Economic Development for a Growing Economy Tax

This text of Indiana § 6-3.1-13-18 (Duration of credit; maximum credit with respect to job creation; prohibit computation of credit) 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 § 6-3.1-13-18 (2026).

Text

(a)The corporation shall determine the amount and duration of a tax credit awarded under this chapter. The duration of the credit may not exceed twenty (20) taxable years. The credit may be stated as a percentage of the incremental income tax withholdings attributable to the applicant's project and may include a fixed dollar limitation. In the case of a credit awarded for a project to create new jobs in Indiana, the credit amount may not exceed the incremental income tax withholdings. However, the credit amount claimed for a taxable year may exceed the taxpayer's state tax liability for the taxable year, in which case the excess may, at the discretion of the corporation, be refunded to the taxpayer.

(b)This subsection does not apply to a business that was enrolled and participated in the

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(a) The corporation shall determine the
amount and duration of a tax credit awarded under this chapter. The
duration of the credit may not exceed twenty (20) taxable years. The
credit may be stated as a percentage of the incremental income tax
withholdings attributable to the applicant's project and may include a
fixed dollar limitation. In the case of a credit awarded for a project to
create new jobs in Indiana, the credit amount may not exceed the
incremental income tax withholdings. However, the credit amount
claimed for a taxable year may exceed the taxpayer's state tax liability
for the taxable year, in which case the excess may, at the discretion of
the corporation, be refunded to the taxpayer.
(b) This subsection does not apply to a business that was enrolled
and participated in the E-Verify program (as defined in IC 22-5-1.7-3)
during the time the taxpayer conducted business in Indiana in the
taxable year. A credit under this chapter may not be computed on any
amount withheld from an individual or paid to an individual for
services provided in Indiana as an employee, if the individual was,
during the period of service, prohibited from being hired as an
employee under 8 U.S.C. 1324a.

Legislative History

As added by P.L.41-1994, SEC.1. Amended by P.L.178-2002, SEC.47; P.L.4-2005, SEC.75; P.L.197-2005, SEC.7; P.L.137-2006, SEC.5; P.L.171-2011, SEC.6; P.L.213-2015, SEC.84; P.L.86-2018, SEC.73; P.L.135-2022, SEC.8.