Common use of Refundability Clause in Contracts

Refundability. Pursuant to Indiana Code § 6–3.1–13–18, in the event the credit amount claimed by the Company for a Taxable Year exceeds the Company’s Indiana State Tax Liability for that Taxable Year, the excess shall be refunded to the Company.

Appears in 101 contracts

Sources: Economic Development for a Growing Economy Tax Credit Agreement, Economic Development for a Growing Economy (Edge) Tax Credit Agreement, Economic Development for a Growing Economy Tax Credit Agreement

Refundability. Pursuant to Indiana Code § 6–3.1–13–186–3.1–30-11(c), in the event the credit amount claimed by the Company for a Taxable Year exceeds the Company’s Indiana State Tax Liability for that Taxable Year, the excess shall be refunded to the Company. The Company is not entitled to carryback of any used credit.

Appears in 1 contract

Sources: Small Headquarters Relocation Tax Credit Agreement

Refundability. Pursuant to Indiana Code § 6–3.1–13–18, in the event the credit amount claimed by the Company for a Taxable Year exceeds the Company’s Indiana State Tax Liability for that Taxable Year, the excess shall be refunded to the Company.

Appears in 1 contract

Sources: Economic Development for a Growing Economy (Edge) Tax Credit Agreement