Form It-65 - Indiana Partnership Return Booklet - 2013 Page 27
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32For more information on how to calculate this credit, get Income
You must file an application for certification with the IEDC. If the
Tax Information Bulletin #66 at You can
credit is assigned, it must be approved by the utility regulatory
also contact the Indiana Economic Development Corporation at One
commission and taken in 10 annual installments. The amount of
North Capitol, Suite 700, Indianapolis, IN 46204; at (317) 232-8800;
credit for a coal gasification power plant is 10 percent of the first $500
or by visiting their website at iedc.in.gov.
million invested and 5 percent for any amount over that. The amount
of credit for a fluidized bed combustion technology is 7 percent of
Use credit ID code number 801 and enclose supporting
the first $500 million invested and 3 percent for any amount over
documentation if claiming this credit.
that.
For more information, contact the Indiana Economic Development
Airport Development Zone Loan
Corporation at One North Capitol, Suite 700, Indianapolis, IN 46204,
Interest Credit
802
or visit their website at iedc.in.gov.
This credit can be for up to 5 percent of the interest received from all
qualified loans made during a tax year for use in an Indiana ADZ.
For more information, get Income Tax Information Bulletin #99 at
Get Indiana Schedule LIC at for more
information on how to calculate this credit.
Community Revitalization Enhancement
District Credit
808
Blended Biodiesel Credits
803
A state and local income tax liability credit is available for a qualified
Credits are available for taxpayers who produce biodiesel and/or
investment for the redevelopment or rehabilitation of property
blended biodiesel at an Indiana facility. This facility must be certified
within a community revitalization enhancement district. To be
by the IEDC. Credits are also available for dealers who sell blended
eligible for the credit, the intended expenditure plan must be
biodiesel at retail.
approved by the IEDC before the expenditure is made. The credit is
equal to 25 percent of the IEDC-approved qualified investment made
You must enclose an approved Form BD-100 to verify the claimed
by the taxpayer during the tax year. The department has the authority
credit. Contact the Indiana Economic Development Corporation,
to disallow any credit if the taxpayer:
Biodiesel Credit Certification at One North Capitol, Suite 700,
•
Ceases existing operations;
Indianapolis, IN 46204. You can also call them at (317) 232-8800 or
•
Substantially reduces its operations within the district or
visit their website at iedc.in.gov for more information.
elsewhere in Indiana; or
•
Reduces other Indiana operations to relocate them into the
Get Income Tax Information Bulletin #91 at
district.
htm for additional information.
The taxpayer can assign the credit to a lessee who remains subject
Coal Combustion Product Tax Credit
805
to the same requirements. The assignment must be in writing. Also,
A manufacturer who uses coal combustion products (a byproduct
any consideration may not exceed the value of the part of the credit
resulting from the combustion of coal in an Indiana facility) for the
assigned. Both parties must report the assignment on their state tax
manufacturing of recycled components and is a new business may
return for the year of assignment.
be eligible for this credit. An existing business that manufactures
recycled components and increases its acquisition of coal combustion
Contact the Indiana Economic Development Corporation at One
products by 10 percent over the average amount obtained in the
North Capitol, Suite 700, Indianapolis, IN 46204, or visit their
previous three years is also eligible for the credit.
website at iedc.in.gov for more information about this credit.
Note: A taxpayer that obtains a property tax deduction for
Economic Development for a Growing Economy
investment property purchased by the manufacturer of coal
(EDGE) Credit
combustion products is not eligible for this credit.
This credit is for businesses that conduct certain activities designed
For more information, contact the Indiana department of Revenue,
to foster job creation in Indiana. It is a refundable tax liability credit.
Note: Beginning Jan. 1, 2013, you must complete Schedule IN-EDGE
Coal Combustion Credit, Room N203, 100 N. Senate Avenue,
Indianapolis, IN 46204, or call (317) 232-2339. You can also visit
and enclose it with your return. Otherwise, the credit will not be
for more information.
allowed. You also must obtain a PIN from the IEDC.
Enclose your approved Form CCP-100 with your return.
Claim this credit on line 11 of the return.
Contact the Indiana Economic Development Corporation at One
Coal Gasification Technology Investment
North Capitol, Suite 700, Indianapolis, IN 46204, for eligibility
Tax Credit
806
requirements. You can also visit iedc.in.gov for additional
A credit is available for a qualified investment in an integrated coal
information.
gasification power plant or a fluidized bed combustion technology
that serves Indiana gas utility and electric utility consumers. This can
include an investment in a facility located in Indiana that converts
coal into synthesis gas that can be used as a substitute for natural gas.
21
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