Indiana Code - Taxation - Title 6, Section 6-3.1-28-11

Maximum amount of tax credits awarded

Sec. 11. (a) The total amount of credits allowed a taxpayer (or, if
the person producing the ethanol is a pass through entity, the
shareholders, partners, or members of the pass through entity) under
this chapter may not exceed a total of three million dollars
($3,000,000) for all taxable years.
(b) Notwithstanding subsection (a), the total amount of credits
allowed a taxpayer (or if the person producing ethanol is a pass
through entity, the shareholders, partners, or members of the pass
through entity) may be increased to an amount not to exceed a total
of five million dollars ($5,000,000) for all taxable years with the
prior approval of the Indiana economic development corporation.
As added by P.L.224-2003, SEC.200. Amended by P.L.191-2005,
SEC.14.

Last modified: May 28, 2006