DURATION OF TAX CREDIT. The Company may earn a tax credit under the Agreement for one or more Taxable Years. In no event shall a tax credit be extended for a period greater than ten (10) Taxable Years commencing with the First Eligible Taxable Year, as required pursuant to Indiana Code § 6-3.1-13-18(a).
DURATION OF TAX CREDIT. The Company may earn a tax credit under the Agreement for any Taxable Year in which the Company makes a Qualified Investment after the Commencement Date and before the Investment Deadline. The Company may carry forward an unused tax credit for nine (9) consecutive Taxable Years from the Taxable Year in which the Qualified Investment was made, even if such carry-forward extends beyond the end of the Reporting Period.
DURATION OF TAX CREDIT. A. The Company may claim a Tax Credit for any Taxable Year during the Term of this Agreement for which the IEDC certifies a credit to the Company. A Tax Credit may first be claimed under this Agreement for the Company’s First Eligible Tax Year. Notwithstanding the foregoing or anything in this Agreement to the contrary, the Company shall not be entitled to a Tax Credit for any qualified investment, as defined in Indiana Code § 6-3.1-34-7 (“Qualified Investment”) made after the Redevelopment Project Investment Deadline. The Company (or Credit Assignee) may carry forward any excess Tax Credit for nine (9) consecutive Taxable Years beginning with the Taxable Year after the Taxable Year for which the IEDC certifies the Qualified Investment, even if such Taxable Year extends beyond the Expiration Date of this Agreement.
DURATION OF TAX CREDIT. A. The Company may claim a Tax Credit for any Taxable Year during the Term of this Agreement in which the IEDC certifies a credit to the Company. A Tax Credit may first be claimed under this Agreement for the Company’s First Eligible Tax Year. Notwithstanding the foregoing or anything in this Agreement to the contrary, the Company shall not be entitled to a Tax Credit for any Qualified Investment made after the Redevelopment Project Investment Deadline. The Company may carry forward any excess Tax Credit for nine (9) consecutive Taxable Years beginning with the Taxable Year after the Taxable Year in which the Company makes the Qualified Investment, even if such Taxable Year extends beyond the Expiration Date of this Agreement.
DURATION OF TAX CREDIT. The Company may earn a tax credit (which will be applied specifically to the Indiana state income tax liability of WSELP) under the Agreement for any Taxable Year in which the Company, makes a Qualified Investment after the Commencement Date and before the Investment Deadline. The Company may carry forward an unused tax credit for nine (9) consecutive Taxable Years from the Taxable Year in which the Qualified Investment was made, even if such carry-forward extends beyond the end of the Reporting Period.
DURATION OF TAX CREDIT. The Company may claim a tax credit for any Taxable Year during the Term in which the Company makes a qualified investment, as defined in Indiana Code § 6–3.1–19-2 (a “Qualified Investment”), subject to verification by the IEDC. A tax credit may first be claimed under this Agreement for the taxpayer’s “First Eligible Tax Year” (as defined at Exhibit A). Notwithstanding the foregoing or anything in this Agreement to the contrary, the Company shall not be entitled to a tax credit for any Qualified Investment made after the Investment Deadline (as defined at Exhibit A). The Company may carry forward an unused tax credit for nine (9) consecutive Taxable Years beginning with the Taxable Year after the Taxable Year in which the Company makes the Qualified Investment, even if such Taxable Year extends beyond the Expiration Date.
DURATION OF TAX CREDIT. The Company may claim a tax credit under this Agreement for one or more Taxable Years, but the number of years in which the Company claims a tax credit under this Agreement may not exceed the cumulative total of the Successive Taxable Years Maximum (as defined at Exhibit A). A tax credit may first be claimed under this Agreement for the taxpayer’s “First Eligible Taxable Year” (as defined at Exhibit A).
