Indiana Code - Taxation - Title 6, Section 6-3.1-13-17-a

Version a

Amount of credit awarded; factors

Note: This version of section effective until 7-1-2005. See also
following version of this section, effective 7-1-2005.

Sec. 17. In determining the credit amount that should be awarded
to an applicant under section 15 of this chapter that proposes a
project to create jobs in Indiana, the corporation shall take into
consideration the following factors:
(1) The economy of the county where the projected investment
is to occur.
(2) The potential impact on the economy of Indiana.
(3) The incremental payroll attributable to the project.
(4) The capital investment attributable to the project.
(5) The amount the average wage paid by the applicant exceeds
the average wage paid within the county in which the project
will be located.
(6) The costs to Indiana and the affected political subdivisions
with respect to the project.
(7) The financial assistance and incentives that are otherwise
provided by Indiana and the affected political subdivisions.
As appropriate, the corporation shall consider the factors in this
section to determine the credit amount awarded to an applicant for a
project to retain existing jobs in Indiana under section 15.5 of this
chapter. In the case of an applicant under section 15.5 of this chapter,
the corporation shall consider the magnitude of the cost differential
between the projected costs for the applicant's project in the
competing site outside Indiana and the projected costs for the
applicant's project in Indiana.

As added by P.L.41-1994, SEC.1. Amended by P.L.178-2002,
SEC.46; P.L.4-2005, SEC.74.

Last modified: May 28, 2006