reglab/housing_qa huggingface dataset:
IN Code § 6-3.1-29-16 (2021)
2021 Indiana Code|Title 6. Taxation|Article 3.1. State Tax Liability Credits|Chapter 29. Coal Gasification Technology Investment Tax Credit|6-3.1-29-16. Limitations on Use of Credit

Sec. 16. (a) A credit awarded under section 15 of this chapter must be taken in ten (10) annual installments, beginning with the year in which the taxpayer places into service an integrated coal gasification powerplant or a fluidized bed combustion technology.(b) Subject to section 20 of this chapter, the amount of an annual installment of the credit awarded under section 15 of this chapter is equal to the amount determined in the last of the following STEPS:STEP ONE: Determine the lesser of:(A) the credit amount determined under section 15 of this chapter, divided by ten (10); or(B) the greater of:(i) the taxpayer's total state tax liability for the taxable year, multiplied by twenty-five percent (25%); or(ii) the taxpayer's liability for the utility receipts tax imposed under IC 6-2.3 for the taxable year.STEP TWO: Multiply the STEP ONE amount by the percentage of Indiana coal used in the taxpayer's integrated coal gasification powerplant or fluidized bed combustion technology in the taxable year for which the annual installment of the credit is allowed.(c) If the credit allowed by this chapter is available to a member of an affiliated group of corporations filing a consolidated return under IC 6-2.3-6-5 or IC 6-3-4-14, the credit shall be applied against the state tax liability of the affiliated group.As added by P.L.191-2005, SEC.15. Amended by P.L.122-2006, SEC.14.
IN Code § 6-3.1-29-17 (2021)
2021 Indiana Code|Title 6. Taxation|Article 3.1. State Tax Liability Credits|Chapter 29. Coal Gasification Technology Investment Tax Credit|6-3.1-29-17. Preconstruction Application for Credit

Sec. 17. A person that proposes to place a new integrated coal gasification powerplant or fluidized bed combustion technology into service may apply to the corporation before the taxpayer makes the qualified investment to enter into an agreement for a tax credit under this chapter. The corporation shall prescribe the form of the application.As added by P.L.191-2005, SEC.15. Amended by P.L.122-2006, SEC.15.
IN Code § 6-3.1-29-18 (2021)
2021 Indiana Code|Title 6. Taxation|Article 3.1. State Tax Liability Credits|Chapter 29. Coal Gasification Technology Investment Tax Credit|6-3.1-29-18. Conditions for Granting Credit Application

Sec. 18. After receipt of an application, the corporation may enter into an agreement with the applicant for a credit under this chapter if the corporation determines that the taxpayer's proposed investment satisfies the requirements of this chapter.As added by P.L.191-2005, SEC.15.
IN Code § 6-3.1-29-20 (2021)
2021 Indiana Code|Title 6. Taxation|Article 3.1. State Tax Liability Credits|Chapter 29. Coal Gasification Technology Investment Tax Credit|6-3.1-29-20. Allocation of Credit Among Shareholders, Partners, and Members

Sec. 20. (a) This section applies if a qualified investment is made by a pass through entity or by taxpayers who are co-owners of an integrated coal gasification powerplant or a fluidized bed combustion technology.(b) If the credit allowed by this chapter for a taxable year is greater than the state tax liability of the pass through entity against which the tax credit may be applied, a shareholder, partner, or member of the pass through entity is entitled to a tax credit equal to:(1) the tax credit determined for the pass through entity for the taxable year in excess of the pass through entity's state tax liability for the taxable year; multiplied by(2) in the case of a pass through entity described in:(i) section 9(1), 9(2), 9(3), or 9(4) of this chapter, the percentage of the pass through entity's distributive income to which the shareholder, partner, or member is entitled; and(ii) section 9(5) or 9(6) of this chapter, the relative percentage of the corporation's patronage dividends allocable to the member for the taxable year.(c) If an integrated coal gasification powerplant or a fluidized bed combustion technology is co-owned by two (2) or more taxpayers, the amount of the credit that may be allowed to a co-owner in a taxable year is equal to:(1) the tax credit determined under sections 15 and 16 of this chapter with respect to the total qualified investment in the integrated coal gasification powerplant or fluidized bed combustion technology; multiplied by(2) the co-owner's percentage of ownership in the integrated coal gasification powerplant or fluidized bed combustion technology.(d) The amount of an annual installment of the credit allowed to a shareholder, partner, or member of a pass through entity or a co-owner shall be determined under section 16 of this chapter modified as follows:(1) Section 16(b) STEP ONE (A) of this chapter shall be based on the percentage of the credit allowed to the shareholder, partner, member, or co-owner under this section.(2) Section 16(b) STEP ONE (B) of this chapter shall be based on the:(A) state tax liability; or(B) utilities receipts tax liability;of the shareholder, partner, member, or co-owner.As added by P.L.191-2005, SEC.15. Amended by P.L.122-2006, SEC.17.
IN Code § 6-3.1-29-20.5 (2021)
2021 Indiana Code|Title 6. Taxation|Article 3.1. State Tax Liability Credits|Chapter 29. Coal Gasification Technology Investment Tax Credit|6-3.1-29-20.5. Assignability of Credit by Contract

Sec. 20.5. (a) Subject to subsection (c), part or all of the credit to which a taxpayer is entitled under section 15 of this chapter may be assigned by the taxpayer to one (1) or more utilities that have entered into a contract that:(1) is approved by the Indiana utility regulatory commission;(2) provides for the purchase of electricity or substitute natural gas (as defined in IC 8-1-2-42.1) by the utility from the taxpayer; and(3) expressly allows the assignment of tax credits under this section.A tax credit assigned to a utility under this section must be applied against the utility's state tax liability in the order set forth in section 14(b) of this chapter.(b) Notwithstanding section 16 of this chapter, any part of a taxpayer's credit under section 15 of this chapter that is assigned by the taxpayer under this section must be taken in twenty (20) annual installments, beginning with the year in which the taxpayer places into service an integrated coal gasification powerplant or a fluidized bed combustion technology.(c) The part of a taxpayer's credit under section 15 of this chapter that may be assigned by the taxpayer with respect to any one (1) taxable year is subject to the following:(1) The total amount of the taxpayer's credit under section 15 of this chapter that may be assigned by the taxpayer with respect to the taxable year may not exceed the product of:(A) the total credit amount to which the taxpayer is entitled under section 15 of this chapter, divided by twenty (20); multiplied by(B) the percentage of Indiana coal used in the taxpayer's integrated coal gasification powerplant or fluidized bed combustion technology in the taxable year for which the annual installment of the credit is allowed.(2) The part of the amount determined under subdivision (1) that may be assigned to any one (1) utility with respect to the taxable year may not exceed the greater of:(A) the utility's total state tax liability for the taxable year, multiplied by twenty-five percent (25%); or(B) the utility's total utility receipts tax liability for the taxable year.(d) Any part of the taxpayer's credit under section 15 of this chapter that is assigned to one (1) or more utilities by a taxpayer under this section with respect to a taxable year may not be claimed by the taxpayer or the taxpayer's shareholders, partners, or members. However, any part of the credit to which the taxpayer is entitled under section 15 of this chapter and that is not assigned by the taxpayer with respect to the taxable year may be taken and applied by the taxpayer, or the taxpayer's shareholders, partners, or members, in accordance with sections 16 and 20 of this chapter.As added by P.L.175-2007, SEC.7.
IN Code § 6-3.1-29-20.7 (2021)
2021 Indiana Code|Title 6. Taxation|Article 3.1. State Tax Liability Credits|Chapter 29. Coal Gasification Technology Investment Tax Credit|6-3.1-29-20.7. Findings; Election to Receive Refundable Credit

Sec. 20.7. (a) The findings in IC 4-4-11.6-12 (before its repeal) are incorporated by reference into this section. The general assembly further finds that the refundable credit provided by this section is also necessary to achieve the purposes set forth in IC 4-4-11.6-12 (before its repeal).(b) This section applies to a taxpayer that:(1) makes a qualified investment in an integrated coal gasification powerplant; and(2) entered into a contract to sell substitute natural gas (as defined in IC 4-4-11.6-11) (before its repeal) to the Indiana finance authority under IC 4-4-11.6 (before its repeal).(c) Notwithstanding anything in this chapter to the contrary, a taxpayer may elect in the manner prescribed by the department to take and receive all credits to which the taxpayer is entitled under section 15 of this chapter (without regard to section 16 of this chapter) as a refundable credit against the taxpayer's state tax liability, if any, over a period of twenty (20) taxable years, beginning not later than the taxable year in which the taxpayer places into service its integrated coal gasification powerplant. If, in a taxable year, a taxpayer that makes an election under this subsection has no state tax liability, the department shall pay to the taxpayer the full amount of the refundable credit for that taxable year.(d) The amount of a credit to which a taxpayer that makes an election under subsection (c) is entitled for a particular taxable year equals the result determined under STEP FOUR:STEP ONE: Determine the total credit amount to which the taxpayer is entitled under section 15 of this chapter (without regard to section 16 of this chapter).STEP TWO: Divide the STEP ONE amount by twenty (20).STEP THREE: Determine the ratio of Indiana coal to total coal used in the taxpayer's integrated coal gasification powerplant in the taxable year.STEP FOUR: Multiply the STEP TWO and STEP THREE amounts.(e) A taxpayer shall claim a refund under this section in the manner provided by the department. The department shall pay the refunded amount to the taxpayer not more than ninety (90) days after the date on which the refund is claimed.(f) The shareholders, members, or partners of a pass through entity that makes an election under subsection (c) are not entitled to a credit allowed under section 20(b) of this chapter.(g) A credit allowed under this section is not assignable under section 20.5 of this chapter.As added by P.L.182-2009(ss), SEC.204. Amended by P.L.189-2018, SEC.59.
IN Code § 6-3.1-29-21 (2021)
2021 Indiana Code|Title 6. Taxation|Article 3.1. State Tax Liability Credits|Chapter 29. Coal Gasification Technology Investment Tax Credit|6-3.1-29-21. Claiming Tax Credit

Sec. 21. To receive the credit awarded by this chapter, a taxpayer must claim the credit on the taxpayer's annual state tax return or returns in the manner prescribed by the department. The taxpayer shall submit to the department a copy of the commission's determination required under section 19 of this chapter, a copy of the taxpayer's certificate of compliance issued under section 19 of this chapter, and all information that the department determines is necessary for the calculation of the credit provided by this chapter.As added by P.L.191-2005, SEC.15.
IN Code § 6-3.1-30-1 (2021)
2021 Indiana Code|Title 6. Taxation|Article 3.1. State Tax Liability Credits|Chapter 30. Headquarters Relocation Tax Credit|6-3.1-30-1. "Corporate Headquarters"

Sec. 1. As used in this chapter, "corporate headquarters" means the building or buildings where one (1) or more of the following are located:(1) The principal offices of the principal executive officers of an eligible business.(2) The principal offices of a division or similar subdivision of an eligible business.(3) A research and development center of an eligible business.As added by P.L.193-2005, SEC.21. Amended by P.L.288-2013, SEC.60.
IN Code § 6-3.1-30-1.5 (2021)
2021 Indiana Code|Title 6. Taxation|Article 3.1. State Tax Liability Credits|Chapter 30. Headquarters Relocation Tax Credit|6-3.1-30-1.5. "Corporation"

Sec. 1.5. As used in this chapter, "corporation" refers to the Indiana economic development corporation created under IC 5-28-3 unless the context clearly denotes otherwise.As added by P.L.288-2013, SEC.61.
IN Code § 6-3.1-30-2 (2021)
2021 Indiana Code|Title 6. Taxation|Article 3.1. State Tax Liability Credits|Chapter 30. Headquarters Relocation Tax Credit|6-3.1-30-2. "Eligible Business"

Sec. 2. As used in this chapter, "eligible business" means either of the following:(1) A business that:(A) is engaged in either interstate or intrastate commerce;(B) maintains a corporate headquarters at a location outside Indiana;(C) has not previously maintained a corporate headquarters at a location in Indiana;(D) had annual worldwide revenues of at least fifty million dollars ($50,000,000) for the taxable year immediately preceding the business's application for a tax credit under section 12 of this chapter; and(E) commits contractually to relocating its corporate headquarters to Indiana.(2) A business that:(A) is engaged in either interstate or intrastate commerce;(B) maintains a corporate headquarters at a location outside Indiana;(C) has not previously maintained a corporate headquarters at a location in Indiana;(D) either:(i) received at least four million dollars ($4,000,000) in venture capital in the six (6) months immediately preceding the business's application for a tax credit under section 12 of this chapter; or(ii) closes on at least four million dollars ($4,000,000) in venture capital not later than six (6) months after submitting the business's application for a tax credit under section 12 of this chapter; and(E) commits contractually to relocating:(i) its corporate headquarters to Indiana; or(ii) the number of jobs that equals eighty percent (80%) of the business's total payroll during the immediately preceding quarter to a location in Indiana.As added by P.L.193-2005, SEC.21. Amended by P.L.137-2006, SEC.8; P.L.288-2013, SEC.62; P.L.158-2019, SEC.20.
IN Code § 6-3.1-30-3 (2021)
2021 Indiana Code|Title 6. Taxation|Article 3.1. State Tax Liability Credits|Chapter 30. Headquarters Relocation Tax Credit|6-3.1-30-3. "Pass Through Entity"

Sec. 3. As used in this chapter, "pass through entity" means:(1) a corporation that is exempt from the adjusted gross income tax under IC 6-3-2-2.8(2);(2) a partnership;(3) a limited liability company; or(4) a limited liability partnership.As added by P.L.193-2005, SEC.21.
IN Code § 6-3.1-30-4 (2021)
2021 Indiana Code|Title 6. Taxation|Article 3.1. State Tax Liability Credits|Chapter 30. Headquarters Relocation Tax Credit|6-3.1-30-4. "Qualifying Project"

Sec. 4. As used in this chapter, "qualifying project" means the relocation of the corporate headquarters of an eligible business from a location outside Indiana to a location in Indiana.As added by P.L.193-2005, SEC.21.
IN Code § 6-3.1-30-5 (2021)
2021 Indiana Code|Title 6. Taxation|Article 3.1. State Tax Liability Credits|Chapter 30. Headquarters Relocation Tax Credit|6-3.1-30-5. "Relocation Costs"

Sec. 5. As used in this chapter, "relocation costs" means the reasonable and necessary expenses incurred by an eligible business for a qualifying project. The term includes:(1) moving costs and related expenses;(2) the purchase of new or replacement equipment;(3) capital investment costs; and(4) property assembly and development costs, including:(A) the purchase, lease, or construction of buildings and land;(B) infrastructure improvements; and(C) site development costs.The term does not include any costs that do not directly result from the relocation of the business to a location in Indiana.As added by P.L.193-2005, SEC.21.
IN Code § 6-3.1-30-6 (2021)
2021 Indiana Code|Title 6. Taxation|Article 3.1. State Tax Liability Credits|Chapter 30. Headquarters Relocation Tax Credit|6-3.1-30-6. "State Tax Liability"

Sec. 6. As used in this chapter, "state tax liability" means a taxpayer's total tax liability that is incurred under:(1) IC 6-3-1 through IC 6-3-7 (the adjusted gross income tax);(2) IC 6-5.5 (the financial institutions tax); and(3) IC 27-1-18-2 (the insurance premiums tax);as computed after the application of the credits that under IC 6-3.1-1-2 are to be applied before the credit provided by this chapter.As added by P.L.193-2005, SEC.21.
IN Code § 6-3.1-30-7 (2021)
2021 Indiana Code|Title 6. Taxation|Article 3.1. State Tax Liability Credits|Chapter 30. Headquarters Relocation Tax Credit|6-3.1-30-7. "Taxpayer"

Sec. 7. As used in this chapter, "taxpayer" means an individual or entity:(1) that has any state tax liability; or(2) in the case of an eligible business under section 2(2) of this chapter, that has any state tax liability or that submits incremental income tax withholdings under IC 6-3-4-8.As added by P.L.193-2005, SEC.21. Amended by P.L.158-2019, SEC.21.
IN Code § 6-3.1-30-7.1 (2021)
2021 Indiana Code|Title 6. Taxation|Article 3.1. State Tax Liability Credits|Chapter 30. Headquarters Relocation Tax Credit|6-3.1-30-7.1. "Venture Capital"

Sec. 7.1. As used in this chapter, "venture capital" means financing provided by investors that may include equity, convertible debt, or other forms of equity-like investment instruments.As added by P.L.158-2019, SEC.22.
IN Code § 6-3.1-30-7.5 (2021)
2021 Indiana Code|Title 6. Taxation|Article 3.1. State Tax Liability Credits|Chapter 30. Headquarters Relocation Tax Credit|6-3.1-30-7.5. Duties of the Corporation

Sec. 7.5. The corporation shall do the following:(1) Evaluate a taxpayer's relocation project for the taxpayer's eligibility for a tax credit under this chapter.(2) Certify the eligibility of taxpayers that meet the requirements for a tax credit under this chapter.(3) Determine the percentage used to calculate the amount of a tax credit under section 9 of this chapter.(4) Certify the information required under section 12 of this chapter.As added by P.L.288-2013, SEC.63.
IN Code § 6-3.1-30-8 (2021)
2021 Indiana Code|Title 6. Taxation|Article 3.1. State Tax Liability Credits|Chapter 30. Headquarters Relocation Tax Credit|6-3.1-30-8. Tax Credit

Sec. 8. (a) Subject to entering into an agreement with the corporation under sections 14 and 15 of this chapter, if the corporation certifies that a taxpayer:(1) is an eligible business;(2) completes a qualifying project;(3) incurs relocation costs; and(4) employs:(A) at least seventy-five (75) employees in Indiana, in the case of a taxpayer that qualifies as an eligible business under section 2(1) of this chapter; or(B) at least ten (10) employees in Indiana, in the case of a taxpayer that qualifies as an eligible business under section 2(2) of this chapter;the taxpayer is entitled to a credit against the taxpayer's state tax liability for the taxable year in which the relocation costs are incurred, subject to subsection (c). The credit allowed under this section is equal to the amount determined under section 9 of this chapter.(b) For purposes of establishing the employment level required by subsection (a)(4), a taxpayer may include:(1) individuals who:(A) were employed in Indiana by the taxpayer before the taxpayer commenced a qualifying project; and(B) remain employed in Indiana after the completion of the taxpayer's qualifying project; and(2) individuals who:(A) were not employed in Indiana by the taxpayer before the taxpayer commenced a qualifying project; and(B) are employed in Indiana by the taxpayer as a result of the completion of the taxpayer's qualifying project.(c) The total amount of credits that may be approved by the corporation for all eligible businesses described in section 2(2) of this chapter may not exceed five million dollars ($5,000,000) in a state fiscal year.As added by P.L.193-2005, SEC.21. Amended by P.L.137-2006, SEC.9; P.L.1-2007, SEC.58; P.L.288-2013, SEC.64; P.L.158-2019, SEC.23.
IN Code § 6-3.1-30-9 (2021)
2021 Indiana Code|Title 6. Taxation|Article 3.1. State Tax Liability Credits|Chapter 30. Headquarters Relocation Tax Credit|6-3.1-30-9. Determination of Tax Credit Amount

Sec. 9. (a) Subject to subsection (b), the amount of the credit to which a taxpayer is entitled under section 8 of this chapter equals the product of:(1) a percentage determined by the corporation that may not exceed fifty percent (50%); multiplied by(2) the amount of the taxpayer's relocation costs in the taxable year.(b) The credit to which a taxpayer is entitled under section 8 of this chapter may not reduce the taxpayer's state tax liability below the amount of the taxpayer's state tax liability in the taxable year immediately preceding the taxable year in which the taxpayer first incurred relocation costs. However, this subsection does not apply to a taxpayer that qualifies as an eligible business under section 2(2) of this chapter.As added by P.L.193-2005, SEC.21. Amended by P.L.288-2013, SEC.65; P.L.158-2019, SEC.24.
IN Code § 6-3.1-30-10 (2021)
2021 Indiana Code|Title 6. Taxation|Article 3.1. State Tax Liability Credits|Chapter 30. Headquarters Relocation Tax Credit|6-3.1-30-10. Pass Through Entity; Shareholder, Partner, or Member

Sec. 10. If a pass through entity is entitled to a credit under section 8 of this chapter but does not have state tax liability against which the tax credit may be applied, a shareholder, partner, or member of the pass through entity is entitled to a tax credit equal to:(1) the tax credit determined for the pass through entity for the taxable year; multiplied by(2) the percentage of the pass through entity's distributive income to which the shareholder, partner, or member is entitled.As added by P.L.193-2005, SEC.21.
IN Code § 6-3.1-30-11 (2021)
2021 Indiana Code|Title 6. Taxation|Article 3.1. State Tax Liability Credits|Chapter 30. Headquarters Relocation Tax Credit|6-3.1-30-11. Carryover; Unused Tax Credit; Refundable at the Discretion of the Corporation

Sec. 11. (a) If the credit provided by this chapter exceeds the taxpayer's state tax liability for the taxable year for which the credit is first claimed, the excess may be carried forward to succeeding taxable years and used as a credit against the taxpayer's state tax liability during those taxable years. Each time that the credit is carried forward to a succeeding taxable year, the credit is to be reduced by the amount that was used as a credit during the immediately preceding taxable year. The credit provided by this chapter may be carried forward and applied to succeeding taxable years for nine (9) taxable years following the unused credit year.(b) A taxpayer that qualifies as an eligible business under section 2(1) of this chapter is not entitled to any carryback or refund of any unused credit.(c) In the case of a taxpayer that qualifies as an eligible business under section 2(2) of this chapter, if the credit provided by this chapter exceeds the taxpayer's state tax liability, the excess may, at the discretion of the corporation, be refunded to the taxpayer. An eligible business under section 2(2) of this chapter is not entitled to carryback any unused credit.As added by P.L.193-2005, SEC.21. Amended by P.L.158-2019, SEC.25.