§ 6-3.1-30-9 — Determination of tax credit amount

Indiana § 6-3.1-30-9

• Jurisdiction: Indiana
• Art. 3.1: STATE TAX LIABILITY CREDITS
• Ch. 30: Headquarters Relocation Tax Credit

Text

(a) Subject to subsection (b), the amount of the
credit to which a taxpayer is entitled under section 8 of this chapter
equals the product of:
(1) a percentage determined by the corporation that may not
exceed fifty percent (50%); multiplied by
(2) the amount of the taxpayer's relocation costs in the taxable
year.
(b) The credit to which a taxpayer is entitled under section 8 of this
chapter may not reduce the taxpayer's state tax liability below the
amount of the taxpayer's state tax liability in the taxable year
immediately preceding the taxable year in which the taxpayer first
incurred relocation costs. However, this subsection does not apply to
a taxpayer that qualifies as an eligible business under section 2(2) of
this chapter.

Legislative History

As added by P.L.193-2005, SEC.21. Amended by P.L.288-2013, SEC.65; P.L.158-2019, SEC.24.