"Manufacturer"
Sec. 2. (a) As used in this chapter, "manufacturer" means a
taxpayer that:
(1) obtains and uses coal combustion products for the
manufacturing of recycled components; and
(2) is one (1) of the following:
(A) A new business.
(B) An existing business that, during a taxable year in which
the taxpayer claims a credit under this chapter, begins
manufacturing recycled components.
(C) An existing business that:
(i) manufactures recycled components; and
(ii) during a taxable year in which the taxpayer claims a
credit under this chapter, increases acquisitions of coal
combustion products by the amount determined in
subsection (b).
(b) A manufacturer described in subsection (a)(2)(C) must
increase the manufacturer's acquisitions of coal combustion products
by the amount determined in STEP THREE of the following STEPS:
STEP ONE: Determine the total amount of coal combustion
products obtained by the manufacturer for each of the three (3)
taxable years immediately preceding the taxable year in which
the manufacturer claims a credit under this chapter.
STEP TWO: Determine the largest amount determined under
STEP ONE.
STEP THREE: Determine the product of:
(A) the STEP TWO amount; multiplied by
(B) one-tenth (0.1).
As added by P.L.215-2003, SEC.2.
Last modified: May 28, 2006