IC 6-3.1-39.5-8: Entitlement to credit; amount of credit

Sec. 8. (a) A taxpayer that makes a qualified expenditure in a taxable year is entitled to a credit against the taxpayer's state tax liability for the taxable year.

(b) Subject to section 9 of this chapter, the maximum amount of the credit to which a taxpayer is entitled in a particular taxable year is equal to the lesser of:

(1) fifty percent (50%) of the employer's qualified expenditures in the taxable year; or

(2) one hundred thousand dollars ($100,000).