Indiana Code - Taxation - Title 6, Section 6-3.1-11-21

Disqualification to claim credit due to substantial reduction or
cessation of operations in Indiana; determination

Sec. 21. A taxpayer is not entitled to claim the credit provided by
this chapter to the extent that it substantially reduces or ceases its
operations in Indiana in order to relocate them within the industrial
recovery 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 shall apply to credits that would otherwise
arise in the taxable year in which the substantial reduction or
cessation occurs and in all subsequent years. Determinations under
this section shall be made by the board.

As added by P.L.379-1987(ss), SEC.11.

Last modified: May 28, 2006