Taxable Year Credit Amount. The credit amount earned in each Taxable Year shall be calculated at the sole discretion of the IEDC, generally in accordance with the lesser of the following guidelines:
Taxable Year Credit Amount. The credit amount earned in each Taxable Year shall be calculated at the sole discretion of the IEDC, generally in accordance with the following guidelines:
(1.) Step 1: The Company must employ 4 Relocated Executive Leadership Team employees from whom Indiana withholdings are retained.
(2.) Step 2: The Company must move its corporate headquarters by the Relocation Deadline.
(3.) Step 3: The eligible Relocation Costs per Indiana Code 6-3.1-30-5 multipled by the Award Percentage (i.e., 50%) equals the credit for the Taxable Year.
Taxable Year Credit Amount. For each Taxable Year until the Eligibility Deadline, the Company may be certified a maximum of (First Portion Available Credit Amount /10 years) for employing at least 1254 Full Time Employees at the Project Location. If the Company employs less than 1254 Full Time Employees at the Project Location for any Taxable Year, the Company will not be certified any tax credits for that Taxable Year. In addition, the Company may be certified a maximum of $8,000,000 for 600 additional New Employees above 1385 Full Time Employees at the Project Location. The Taxable Year credit amount for these 600 additional New Employees shall be determined according to the guidelines in Paragraph 6(B)(1) and 6(B)(2). The credit amount earned in each Taxable Year shall be calculated at the sole discretion of the IEDC, generally in accordance with the lesser of the following guidelines:
