Version b
Eligible persons; proposals; approval
Note: This version of section effective 5-15-2005. See also
preceding version of this section, effective until 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 Indiana housing finance authority 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 Indiana housing finance authority, 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;
P.L.235-2005, SEC.96.
Last modified: May 28, 2006