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Indiana General Assembly
House Bill 1122


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House Bill 1122

ARCHIVE (2004)

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New generation tax credits. Provides that the commission for agricultural and rural development may certify taxpayers that invest in certain agricultural businesses as producer members. Provides that a producer member is eligible for a tax credit equal to the lesser of: (1) 50% of the producer member's investment; or (2) $15,000. Limits the annual amount of credits available to certain capital projects. Requires the department of state revenue to determine a method to allocate credits among producer members.
Current Status:
 In Committee - first House
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