"Manufacturer"
Sec. 3. (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 at least one (1) of the following:
(A) A new business.
(B) An existing business that, during the taxable year in
which the taxpayer claims a deduction under this chapter,
expands the business's manufacturing process to
manufacture recycled components.
(C) An existing business that:
(i) manufactures recycled components; and
(ii) during the taxable year in which the taxpayer claims a
deduction under this chapter, increases purchases of coal
combustion products by the amount determined in
subsection (b).
(b) To be within the definition set forth in subsection (a), a
taxpayer described in subsection (a)(2)(C) must increase the
taxpayer's purchases of coal combustion products by the amount
determined in STEP THREE of the following STEPS:
STEP ONE: Determine the amount of the taxpayer's purchases
of coal combustion products for each of the three (3) taxable
years immediately preceding the taxable year in which the
taxpayer claims a deduction 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.1.
Last modified: May 28, 2006