Indiana § 6-3.1-26-8 "Qualified investment"

Indiana Statutes

§ 6-3.1-26-8 — "Qualified investment"

Indiana § 6-3.1-26-8

Art. 3.1STATE TAX LIABILITY CREDITS

Ch. 26Hoosier Business Investment Tax Credit

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Bluebook

Ind. Code § 6-3.1-26-8 (2026).

Text

(a)As used in this chapter, "qualified investment" means the amount of the taxpayer's expenditures in Indiana for:

(1)the purchase of new telecommunications, production, manufacturing, fabrication, assembly, extraction, mining, processing, refining, finishing, distribution, transportation, or logistical distribution equipment;

(2)the purchase of new computers and related equipment;

(3)costs associated with the modernization of existing telecommunications, production, manufacturing, fabrication, assembly, extraction, mining, processing, refining, finishing, distribution, transportation, or logistical distribution facilities;

(4)onsite infrastructure improvements;

(5)the construction of new telecommunications, production, manufacturing, fabrication, assembly, extraction, mining, proces

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(a) As used in this chapter, "qualified
investment" means the amount of the taxpayer's expenditures in Indiana
for:
(1) the purchase of new telecommunications, production,
manufacturing, fabrication, assembly, extraction, mining,
processing, refining, finishing, distribution, transportation, or
logistical distribution equipment;
(2) the purchase of new computers and related equipment;
(3) costs associated with the modernization of existing
telecommunications, production, manufacturing, fabrication,
assembly, extraction, mining, processing, refining, finishing,
distribution, transportation, or logistical distribution facilities;
(4) onsite infrastructure improvements;
(5) the construction of new telecommunications, production,
manufacturing, fabrication, assembly, extraction, mining,
processing, refining, finishing, distribution, transportation, or
logistical distribution facilities;
(6) the purchase of retooled or refurbished machinery, and costs
associated with retooling existing machinery and equipment;
(7) costs associated with the construction of special purpose
buildings and foundations for use in the computer, software,
biological sciences, or telecommunications industry;
(8) costs associated with the purchase of machinery, equipment,
or special purpose buildings used to make motion pictures or
audio productions;
(9) a logistics investment, as described in section 8.5 of this
chapter;
(10) the purchase of new:
(A) pollution control and abatement;
(B) energy conservation; or
(C) renewable energy generation;
equipment; and
(11) the purchase of new onsite digital manufacturing equipment;
that are certified by the corporation under this chapter as being eligible
for the credit under this chapter.
(b) The term does not include property that can be readily moved
outside Indiana.
(c) Notwithstanding subsection (b), the term does include
programmable logic controller property.

Legislative History

As added by P.L.224-2003, SEC.197. Amended by P.L.4-2005, SEC.103; P.L.199-2005, SEC.19; P.L.137-2006, SEC.6; P.L.288-2013, SEC.51; P.L.158-2019, SEC.17.