Version a
Eligible persons; proposals; approval
Note: This version of section effective until 5-15-2005. See also
following version of this section, effective 5-15-2005.
Sec. 2. (a) A business firm or a person who contributes to a
neighborhood organization or who engages in the activities of
providing neighborhood assistance, job training or education for
individuals not employed by the business firm or person, or for
community services or crime prevention in an economically
disadvantaged area shall receive a tax credit as provided in section
3 of this chapter if the board of the Indiana economic development
corporation approves the proposal of the business firm or person,
setting forth the program to be conducted, the area selected, the
estimated amount to be invested in the program, and the plans for
implementing the program.
(b) The board of the Indiana economic development corporation,
after consultation with the community services agency and the
commissioner of revenue, may adopt rules for the approval or
disapproval of these proposals.
As added by P.L.51-1984, SEC.1. Amended by P.L.4-2005, SEC.54.
Last modified: May 28, 2006