Examples of Qualified investment in a sentence
The Company shall keep at the Project Location the Qualified Investment property that is the basis for the tax credit in Indiana for at least (i) the useful life of the property, as determined for federal income tax purposes; or (ii) ten (10) years, whichever is less.
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.
During the Term of the Agreement, the Company shall maintain, at the Project Location where the Qualified Investment is made, a total payroll that is at least equal to the payroll level that existed before the Qualified Investment was made.
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 agrees to use reasonable commercial efforts to spend its Qualified Investment with Indiana Businesses (as defined by Indiana Code § 5– 22–15–20.5).