2017 Indiana Code
TITLE 6. Taxation
ARTICLE 3.1. STATE TAX LIABILITY CREDITS
CHAPTER 1. Definitions; Priority of Credits
6-3.1-1-3. Limitation on number of credits granted; election by taxpayer
Note: This version of section effective until 1-1-2018. See also following version of this section, effective 1-1-2018.
Sec. 3. A taxpayer (as defined in the following laws), pass through entity (as defined in the following laws), or shareholder, partner, or member of a pass through entity may not be granted more than one (1) tax credit under the following laws for the same project:
(1) IC 6-3.1-10 (enterprise zone investment cost credit).
(2) IC 6-3.1-11 (industrial recovery tax credit).
(3) IC 6-3.1-19 (community revitalization enhancement district tax credit).
(4) IC 6-3.1-24 (venture capital investment tax credit).
(5) IC 6-3.1-26 (Hoosier business investment tax credit).
(6) IC 6-3.1-31.9 (Hoosier alternative fuel vehicle manufacturer tax credit).
If a taxpayer, pass through entity, or shareholder, partner, or member of a pass through entity has been granted more than one (1) tax credit for the same project, the taxpayer, pass through entity, or shareholder, partner, or member of a pass through entity must elect to apply only one (1) of the tax credits in the manner and form prescribed by the department.
As added by P.L.199-2005, SEC.17. Amended by P.L.223-2007, SEC.3; P.L.133-2012, SEC.52; P.L.288-2013, SEC.33.
IC 6-3.1-1-3 Limitation on number of credits granted; election by taxpayer
Note: This version of section effective 1-1-2018. See also preceding version of this section, effective until 1-1-2018.
Sec. 3. A taxpayer (as defined in the following laws), pass through entity (as defined in the following laws), or shareholder, partner, or member of a pass through entity may not be granted more than one (1) tax credit under the following laws for the same project:
(1) IC 6-3.1-10 (enterprise zone investment cost credit) (before its expiration).
(2) IC 6-3.1-11 (industrial recovery tax credit).
(3) IC 6-3.1-19 (community revitalization enhancement district tax credit).
(4) IC 6-3.1-24 (venture capital investment tax credit).
(5) IC 6-3.1-26 (Hoosier business investment tax credit).
(6) IC 6-3.1-31.9 (Hoosier alternative fuel vehicle manufacturer tax credit).
If a taxpayer, pass through entity, or shareholder, partner, or member of a pass through entity has been granted more than one (1) tax credit for the same project, the taxpayer, pass through entity, or shareholder, partner, or member of a pass through entity must elect to apply only one (1) of the tax credits in the manner and form prescribed by the department.
As added by P.L.199-2005, SEC.17. Amended by P.L.223-2007, SEC.3; P.L.133-2012, SEC.52; P.L.288-2013, SEC.33; P.L.238-2017, SEC.19.
