Ineligibility for credit to extent of reduction or cessation of
operations in Indiana
Sec. 23. A taxpayer is not entitled to claim the credit provided by
this chapter to the extent that the taxpayer substantially reduces or
ceases its operations in Indiana in order to relocate its operations
within the military base 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 applies 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.125-1998, SEC.2.
Last modified: May 28, 2006