Indiana § 6-3.1-26-25 Biennial evaluation; reporting requirements

Indiana Statutes

§ 6-3.1-26-25 — Biennial evaluation; reporting requirements

Indiana § 6-3.1-26-25

Art. 3.1STATE TAX LIABILITY CREDITS

Ch. 26Hoosier Business Investment Tax Credit

This text of Indiana § 6-3.1-26-25 (Biennial evaluation; reporting requirements) 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 § 6-3.1-26-25 (2026).

Text

(a)On a biennial basis, the corporation shall provide for an evaluation of the tax credit program. The evaluation must include an assessment of the effectiveness of the program in creating new jobs and increasing wages in Indiana and of the revenue impact of the program and may include a review of the practices and experiences of other states with similar programs.

(b)The department shall submit information to the corporation concerning the use of the credit for logistics investments under this chapter. The information submitted by the department must include the following with regard to the previous calendar year for logistics investments:

(1)Summary information regarding the taxpayers and the use of the credit, including the amount of credits approved, the number of taxpayers applying

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(a) On a biennial basis, the corporation shall
provide for an evaluation of the tax credit program. The evaluation
must include an assessment of the effectiveness of the program in
creating new jobs and increasing wages in Indiana and of the revenue
impact of the program and may include a review of the practices and
experiences of other states with similar programs.
(b) The department shall submit information to the corporation
concerning the use of the credit for logistics investments under this
chapter. The information submitted by the department must include the
following with regard to the previous calendar year for logistics
investments:
(1) Summary information regarding the taxpayers and the use of
the credit, including the amount of credits approved, the number
of taxpayers applying for the credit and claiming the credit, the
number of employees who are employed in Indiana by the
taxpayers claiming the credit, the amount and type of new
qualified expenditures for which the credit was granted, the total
dollar amount of new credits claimed and the average amount of
the credit claimed per taxpayer, the amount of credits to be
carried forward to a subsequent taxable year, and the percentage
of the total credits claimed as compared to the total adjusted gross
income of all the taxpayers claiming the credit.
(2) The name and address of each taxpayer claiming the credit
and the amount of the credit applied for by and granted to each
taxpayer.
(c) The corporation shall include information received or compiled
under this section in the economic incentives and compliance report
submitted under IC 5-28-28 for the calendar year in which the
evaluation is completed.