Version b
"Qualified investment"
Note: This version of section effective 5-15-2005. See also
preceding version of this section, effective until 5-15-2005.
Sec. 8. (a) As used in this chapter, "qualified investment" means
the amount of the taxpayer's expenditures in Indiana for:
(1) the purchase of new telecommunications, production,
manufacturing, fabrication, assembly, extraction, mining,
processing, refining, finishing, distribution, transportation, or
logistical distribution equipment;
(2) the purchase of new computers and related equipment;
(3) costs associated with the modernization of existing
telecommunications, production, manufacturing, fabrication,
assembly, extraction, mining, processing, refining, finishing,
distribution, transportation, or logistical distribution facilities;
(4) onsite infrastructure improvements;
(5) the construction of new telecommunications, production,
manufacturing, fabrication, assembly, extraction, mining,
processing, refining, finishing, distribution, transportation, or
logistical distribution facilities;
(6) costs associated with retooling existing machinery and
equipment;
(7) costs associated with the construction of special purpose
buildings and foundations for use in the computer, software,
biological sciences, or telecommunications industry; and
(8) costs associated with the purchase, before January 1, 2008,
of machinery, equipment, or special purpose buildings used to
make motion pictures or audio productions;
that are certified by the corporation under this chapter as being
eligible for the credit under this chapter.
(b) The term does not include property that can be readily moved
outside Indiana.
As added by P.L.224-2003, SEC.197. Amended by P.L.4-2005,
SEC.103; P.L.199-2005, SEC.19.
Last modified: May 28, 2006