"Qualified investment" defined
Sec. 3. As used in this chapter, "qualified investment" means the
amount of the taxpayer's expenditures for:
(1) the purchase of new manufacturing or production
equipment;
(2) the purchase of new computers and related equipment;
(3) costs associated with the modernization of existing
manufacturing facilities;
(4) onsite infrastructure improvements;
(5) the construction of new manufacturing facilities;
(6) costs associated with retooling existing machinery and
equipment; and
(7) costs associated with the construction of special purpose
buildings and foundations for use in the computer, software,
biological sciences, or telecommunications industry;
that are certified by the corporation under section 10 of this chapter
as being eligible for the credit under this chapter, if the equipment,
machinery, facilities improvements, facilities, buildings, or
foundations are installed or used for a project having an estimated
total cost of at least seventy-five million dollars ($75,000,000) and
in a county having a population of more than forty-three thousand
(43,000) but less than forty-five thousand (45,000).
As added by P.L.291-2001, SEC.177. Amended by P.L.170-2002,
SEC.25; P.L.4-2005, SEC.87.
Last modified: May 28, 2006