{"data":{"id":"us-in/ic-6-3.1-38.1-9","jurisdiction":"us-in","citation":"IC 6-3.1-38.1-9","heading":"Amount of tax credit","body":"Sec. 9. (a) Subject to subsection (b), if the department certifies a taxpayer under section 8 of this chapter, the taxpayer is entitled to a tax credit against the taxpayer's state tax liability equal to:\n(1) the taxpayer's:\n(A) qualified railroad expenditures; or\n(B) qualified new rail infrastructure expenditures; multiplied by\n(2) fifty percent (50%).\n(b) The amount of a tax credit allowed under subsection (a) shall not exceed the following:\n(1) For qualified railroad expenditures, the product of:\n(A) the number of miles of Class II or Class III railroad track owned or leased by the taxpayer in Indiana at the close of the taxable year; multiplied by\n(B) three thousand five hundred dollars ($3,500).\n(2) For qualified new rail infrastructure expenditures, the lesser of:\n(A) fifty percent (50%) of the qualified new rail expenditures for each new rail served customer project completed by the taxpayer in the taxable year; or\n(B) five hundred thousand dollars ($500,000) per rail served customer project.","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#6-3.1-38.1-9","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-09T01:51:39Z","sha256":"039a257aeb04d8a7fdbdcc74aa6cb7ef039dbad9dfaef11062ccda73fe9a86b2","source_id":"us-in","stale":false,"prev":"us-in/ic-6-3.1-38.1-8","next":"us-in/ic-6-3.1-38.1-10"},"notice":"GroundRules: Original legal text. Not legal advice."}