Temporary and Permanently Withheld Credit. For years up to the Investment Deadline in which a tax credit may be earned, in the event that the Taxable Year Credit Amount is less than the Maximum Taxable Year Credit Amount as a result of an application of Step 2 of the guideline above, or the Fiscal Impact Requirements are not met, the IEDC may temporarily withhold a portion or the entirety of the Taxable Year Credit Amount. Up until one year after the Investment Deadline, the IEDC may issue a tax credit certification for a portion or the entirety of the previously withheld amount, should the Company meet its Fiscal Impact Requirements.
Appears in 16 contracts
Samples: Hoosier Business Investment Agreement, Hoosier Business Investment Tax Credit Agreement, Economic Development for a Growing Economy Tax Credit Agreement
