Indiana Code - Taxation - Title 6, Section 6-1.1-43-3

Forfeiture of incentive

Sec. 3. If a recipient of an economic development incentive fails
to comply with the wage and benefit levels that the recipient
proposed or promised to obtain an economic development incentive,
as determined by the entity awarding the economic development
incentive, the recipient forfeits the economic development incentive
as of the date of the determination.

As added by P.L.60-1997, SEC.1.

Last modified: May 28, 2006