§ 6-3.1-38.1-8 — Applying for tax credit; eligibility

Indiana § 6-3.1-38.1-8

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

Text

(a) A taxpayer wishing to claim a tax credit
under this chapter must apply to the department after completion of the
project for which qualified railroad expenditures or qualified new rail
infrastructure expenditures were incurred. The department shall
prescribe the form and manner of the application, which must include:
(1) the number of miles of railroad track owned or leased in
Indiana; and
(2) a description and certification of the amount of the taxpayer's
qualified railroad expenditures or qualified new rail infrastructure
expenditures.
(b) The department shall evaluate a taxpayer's eligibility for a tax
credit under this chapter.
(c) The department shall certify the eligibility of a taxpayer that
meets the requirements for a tax credit under this chapter.

Legislative History

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