SOURCE: Page 50, line 16; (03)MO200824.50. -->
Page 50, between lines 16 and 17, begin a new paragraph and
insert:
SOURCE: IC 6-3.1-4-6; (03)MO200824.28. -->
"SECTION 28.
IC 6-3.1-4-6
, AS AMENDED BY
P.L.192-2002(ss), SECTION 90, IS AMENDED TO READ AS
FOLLOWS [EFFECTIVE JULY 1, 2003]: Sec. 6.
Notwithstanding the
other provisions of this chapter, a taxpayer is not entitled to a credit for
Indiana qualified research expense incurred after December 31, 2004.
Notwithstanding Section 41 of the Internal Revenue Code, the
termination date in Section 41(h) of the Internal Revenue Code does
not apply to a taxpayer who is eligible for the credit under this chapter
for the taxable year in which the Indiana qualified research expense is
incurred.".
Renumber all SECTIONS consecutively.
(Reference is to HB 2008 as printed February 26, 2003.)
________________________________________
MO200824/DI 51 2003