Maximum allowable credit; notice to investors
Sec. 8. (a) A certification provided under section 7 of this chapter
must include notice to the investors of the maximum amount of tax
credits available under this chapter for the provision of qualified
investment capital to the qualified Indiana business.
(b) The maximum amount of tax credits available under this
chapter for the provision of qualified investment capital to a
particular qualified Indiana business equals the lesser of:
(1) the total amount of qualified investment capital provided to
the qualified Indiana business in the calendar year, multiplied
by twenty percent (20%); or
(2) five hundred thousand dollars ($500,000).
As added by P.L.192-2002(ss), SEC.119.
Last modified: May 28, 2006