{"data":{"id":"us-in/ic-6-3.1-34-0.5","jurisdiction":"us-in","citation":"IC 6-3.1-34-0.5","heading":"Requirement to award of tax credits; development authority plan for qualified redevelopment site","body":"Sec. 0.5. (a) In order to facilitate the redevelopment and rehabilitation of property in Indiana that promotes regional collaboration and long term strategic planning, the corporation may commit a tax credit to a development authority pursuant to a development plan approved by the corporation, which may subsequently be awarded by the corporation at the request of a development authority to a taxpayer proposing a qualified investment in a qualified redevelopment site that is included in the development authority's development plan.\n(b) The corporation shall award thirty-five million dollars ($35,000,000) to development authorities each fiscal year that may be granted to taxpayers proposing qualified investment in a qualified redevelopment site pursuant to a development plan approved by the corporation.","path":["TITLE 6. TAXATION","ARTICLE 3.1. STATE TAX LIABILITY CREDITS","Chapter 34. Redevelopment Tax Credit"],"source_url":"https://iga.in.gov/ic/2026/Title_6.html#6-3.1-34-0.5","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-09T01:51:39Z","sha256":"ed865e5d246444b7c9c780690d19d6f3ada9e979133aced4b140658eaca23d0f","source_id":"us-in","stale":false,"prev":"us-in/ic-6-3.1-30.5-15","next":"us-in/ic-6-3.1-34-1"},"notice":"GroundRules: Original legal text. Not legal advice."}