Noncompliance; assessment
Sec. 23. If the director determines that a taxpayer who has
received a credit under this chapter is not complying with the
requirements of the tax credit agreement or all the provisions of this
chapter, the director shall, after giving the taxpayer an opportunity
to explain the noncompliance, notify the Indiana economic
development corporation and the department of state revenue of the
noncompliance and request an assessment. The department of state
revenue, with the assistance of the director, shall state the amount of
the assessment, which may not exceed the sum of any previously
allowed credits under this chapter. After receiving the notice, the
department of state revenue shall make an assessment against the
taxpayer under IC 6-8.1.
As added by P.L.224-2003, SEC.197. Amended by P.L.4-2005,
SEC.111.
Last modified: May 28, 2006