Determination of qualified investment
Sec. 7. (a) To be entitled to a credit under this chapter, a taxpayer
must request the Indiana economic development corporation to
determine whether costs incurred to build or refurbish a riverboat are
qualified investments.
(b) The request under subsection (a) must be made before the
costs are incurred.
(c) The Indiana economic development corporation shall find that
costs are a qualified investment to the extent that the costs result:
(1) from work performed in Indiana to build or refurbish a
riverboat; and
(2) in taxable income to any other Indiana taxpayer;
as determined under the standards adopted by the Indiana economic
development corporation.
As added by P.L.19-1994, SEC.10. Amended by P.L.4-2005, SEC.92.
Last modified: May 28, 2006