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Tax Break Tracker Individual Entry

Each individual entry is a single program reported by a single jurisdiction in a given fiscal year. Because we want to track the level and quality of disclosure as well as the content, the values below -- with the exception of program names -- are entered exactly as they are reported. See our user guide for more explanations.

StateIndiana
Effected JurisdictionIndiana
Jurisdiction type: State
Fiscal year ending In2017
Program nameVenture Capital Investment Credit
Program purpose: Capital investment
Statutory authority: Indiana Code 6-3.1-24
Abating jurisdiction(s): State of Indiana
Applicable taxesCorporate Income Tax
Method of abatement: Tax Credit
Provisions for recapture: The Tax Credit will be recaptured if the IEDC determines the taxpayer is noncompliant with the requirements of the Tax Credit agreement or all of the provisions of IC 6-3.1-24.
Gross revenue loss: $188,000
Reimbursement / offset: $0
Net revenue loss: $188,000
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://www.in.gov/auditor/annual-comprehensive-financial-report/