Indiana § 6-3.1-26-14 Amount of credit

Indiana Statutes

§ 6-3.1-26-14 — Amount of credit

Indiana § 6-3.1-26-14

Art. 3.1STATE TAX LIABILITY CREDITS

Ch. 26Hoosier Business Investment Tax Credit

This text of Indiana § 6-3.1-26-14 (Amount 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 § 6-3.1-26-14 (2026).

Text

Subject to IC 5-28-6-9, the total amount of a tax credit claimed for a taxable year under this chapter is a percentage determined by the corporation, not to exceed:

(1)ten percent (10%), of the amount of a qualified investment made by the taxpayer in Indiana during that taxable year, if the qualified investment is not a logistics investment;

(2)twenty-five percent (25%) of the amount of a qualified investment made by the taxpayer in Indiana during that taxable year, if the qualified investment is a logistics investment. For purposes of this subdivision, the amount of a qualified investment that is used to determine the credit is limited to the difference of:

(A)the qualified investments made by the taxpayer during the taxable year; minus

(B)one hundred five percent (105%) of the averag

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Subject to IC 5-28-6-9, the total amount of
a tax credit claimed for a taxable year under this chapter is a percentage
determined by the corporation, not to exceed:
(1) ten percent (10%), of the amount of a qualified investment
made by the taxpayer in Indiana during that taxable year, if the
qualified investment is not a logistics investment;
(2) twenty-five percent (25%) of the amount of a qualified
investment made by the taxpayer in Indiana during that taxable
year, if the qualified investment is a logistics investment. For
purposes of this subdivision, the amount of a qualified investment
that is used to determine the credit is limited to the difference of:
(A) the qualified investments made by the taxpayer during the
taxable year; minus
(B) one hundred five percent (105%) of the average annual
qualified investments made by the taxpayer during the two (2)
taxable years immediately preceding the taxable year for which
the credit is being claimed. However, if the total of the qualified
investments for the earlier year of the two (2) year average is
zero (0) and the taxpayer has not claimed the credit for a year
that precedes that year, the taxpayer shall subtract only one
hundred five percent (105%) of the amount of the qualified
investments made during the taxable year immediately
preceding the taxable year for which the credit is being
claimed; and
(3) for taxable years beginning after December 31, 2018, and
before January 1, 2030, fifteen percent (15%) of the amount of a
qualified investment made by a taxpayer in Indiana during that
taxable year, if the qualified investment made is described under
section 8(a)(11) of this chapter.
The taxpayer may carry forward any unused credit as provided in
section 15 of this chapter.