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.
State or Territory: | Indiana |
Effected Jurisdiction: | Indiana |
Jurisdiction type: | State or Territory |
Fiscal year ending In: | 2019 |
Program name: | Coal Gasification Technology Investment Credit |
Program purpose: | Job Creation/Retention |
Statutory authority: | Indiana Code 6-3.1-29 |
Abating jurisdiction(s): | State of Indiana |
Applicable taxes: | Corporate 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 6-3.1-29. |
Gross revenue loss: | $15,000,000 |
Reimbursement / offset: | $0 |
Net revenue loss: | $15,000,000 |
Type of loss: | Active |
Additional notes on dislosure: | Provided breakdown by type of taxes |
Document source: | https://www.in.gov/auditor/annual-comprehensive-financial-report/ |