Amount of credit
Sec. 6. The amount of the credit allowed under this chapter with
respect to each brownfield site is equal to the lesser of:
(1) two hundred thousand dollars ($200,000); or
(2) the sum of:
(A) one hundred percent (100%) multiplied by the first one
hundred thousand dollars ($100,000) of qualified investment
made by the taxpayer during the taxable year; plus
(B) fifty percent (50%) multiplied by the amount of the
qualified investment made by the taxpayer during the taxable
year that exceeds one hundred thousand dollars ($100,000).
As added by P.L.109-2001, SEC.1. Amended by P.L.208-2005,
SEC.5.
Last modified: May 28, 2006