{"data":{"id":"us-in/ic-6-3.1-38.1-2","jurisdiction":"us-in","citation":"IC 6-3.1-38.1-2","heading":"\"Qualified applicant\"","body":"Sec. 2. As used in this chapter, \"qualified applicant\" means:\n(1) a short line rail company located in whole or in part in Indiana that is classified by the United States Surface Transportation Board as a Class II or Class III railroad that makes qualified railroad expenditures; or\n(2) an owner or lessee of a rail siding, industrial spur, or industry track located:\n(A) on or adjacent to a Class II or Class III railroad in Indiana; or\n(B) in a qualified rural county;\nthat makes qualified new rail infrastructure expenditures.","path":["TITLE 6. TAXATION","ARTICLE 3.1. STATE TAX LIABILITY CREDITS","Chapter 38.1. Railroad Tax Credit for Qualified Infrastructure Investment"],"source_url":"https://iga.in.gov/ic/2026/Title_6.html#6-3.1-38.1-2","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-09T01:51:39Z","sha256":"2a0b05f0a185142d0433032ea49010fa952638cfc3cda62bf12e764b92d4d12b","source_id":"us-in","stale":false,"prev":"us-in/ic-6-3.1-38.1-1","next":"us-in/ic-6-3.1-38.1-3"},"notice":"GroundRules: Original legal text. Not legal advice."}