{"data":{"id":"us-in/ic-6-3.1-11-25","jurisdiction":"us-in","citation":"IC 6-3.1-11-25","heading":"Expiration","body":"Sec. 25. (a) Notwithstanding any other law and except as provided in subsection (b), a taxpayer is entitled to receive a credit under this chapter only for a qualified investment made before January 1, 2020.\n(b) A taxpayer is entitled to receive a credit for a qualified investment made after December 31, 2019, and before January 1, 2030, if the taxpayer is awarded a credit under:\n(1) an application approved by the corporation before January 1, 2020; or\n(2) an agreement entered into by the taxpayer and the corporation before January 1, 2021.\n(c) This section may not be construed to prevent a taxpayer from carrying an unused tax credit attributable to a qualified investment made before January 1, 2020, or made as provided in subsection (b) forward to a taxable year beginning after December 31, 2019, and before January 1, 2030, in the manner provided for by section 17 of this chapter.\n(d) This chapter expires January 1, 2030.","path":["TITLE 6. TAXATION","ARTICLE 3.1. STATE TAX LIABILITY CREDITS","Chapter 11. Industrial Recovery Tax Credit"],"source_url":"https://iga.in.gov/ic/2026/Title_6.html#6-3.1-11-25","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-09T01:51:39Z","sha256":"b7b780c41086785b96eb463dbbc2f8d6a98a0da546752487bb901e3c43dbe307","source_id":"us-in","stale":false,"prev":"us-in/ic-6-3.1-11-24","next":"us-in/ic-6-3.1-13-0.4"},"notice":"GroundRules: Original legal text. Not legal advice."}