"Qualified investment" defined
Sec. 3. As used in this chapter, "qualified investment" means costs
that:
(1) result from work performed in Indiana to conduct a
voluntary remediation, whether or not under IC 13-25-5, that
involves the remediation of a brownfield;
(2) are not recovered by a taxpayer from another person after
the taxpayer has made a good faith effort to recover the costs;
(3) are not paid from state financial assistance;
(4) result in taxable income to any other Indiana taxpayer; and
(5) are approved by the department of environmental
management and the Indiana finance authority under section 12
of this chapter.
As added by P.L.109-2001, SEC.1. Amended by P.L.245-2003,
SEC.27; P.L.235-2005, SEC.98.
Last modified: May 28, 2006