Indiana § 6-3.1-37.2-11 Disqualification for substantial reduction in, or ceasing operations;
relocation

Indiana Statutes

§ 6-3.1-37.2-11 — Disqualification for substantial reduction in, or ceasing operations; relocation

Indiana § 6-3.1-37.2-11

Art. 3.1STATE TAX LIABILITY CREDITS

Ch. 37.2Mine Reclamation Tax Credit

This text of Indiana § 6-3.1-37.2-11 (Disqualification for substantial reduction in, or ceasing operations; relocation) 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 § 6-3.1-37.2-11 (2026).

Text

A taxpayer is not entitled to claim the
credit provided by this chapter if the corporation determines that the
taxpayer has substantially reduced or ceased its operations in Indiana
in order to relocate them within the mine reclamation site. A
determination that a taxpayer is not entitled to the credit provided by
this chapter as a result of a substantial reduction or cessation of
operations applies to credits that would otherwise arise in the taxable
year in which the substantial reduction or cessation occurs and in all
subsequent years.

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A taxpayer is not entitled to claim the
credit provided by this chapter if the corporation determines that the
taxpayer has substantially reduced or ceased its operations in Indiana
in order to relocate them within the mine reclamation site. A
determination that a taxpayer is not entitled to the credit provided by
this chapter as a result of a substantial reduction or cessation of
operations applies to credits that would otherwise arise in the taxable
year in which the substantial reduction or cessation occurs and in all
subsequent years.