§ 6-3.1-38.1-2 — "Qualified applicant"

Indiana § 6-3.1-38.1-2

• Jurisdiction: Indiana
• Art. 3.1: STATE TAX LIABILITY CREDITS
• Ch. 38.1: Railroad Tax Credit for Qualified Infrastructure

Text

As used in this chapter, "qualified applicant"
means:
(1) a short line rail company located in whole or in part in Indiana
that is classified by the United States Surface Transportation
Board as a Class II or Class III railroad that makes qualified
railroad expenditures; or
(2) an owner or lessee of a rail siding, industrial spur, or industry
track located:
(A) on or adjacent to a Class II or Class III railroad in Indiana;
or
(B) in a qualified rural county;
that makes qualified new rail infrastructure expenditures.

Legislative History

As added by P.L.173-2025, SEC.2.