Section 312 IAC 23-3-5 - Modification of tax creditsAuthority: IC 6-3.1-16-15; IC 14-10-2-4; IC 14-21-1-31
Affected: IC 4-21.5; IC 6-3.1-16-14
Sec. 5.
(a) The division may, for misrepresentation, fraud, or similar good cause, file a complaint with the commission under IC 4-21.5 to modify or terminate a tax credit previously approved under this rule.(b) The division shall, by administrative letter, modify a tax credit certification to conform the credit to a subsequent statutory change to IC 6-3.1 (or the amount of the annual credit authorized by IC 6-3.1). A modification under this subsection may accelerate or defer when a credit can be taken but shall not modify the sequence of the queue referenced in section 4(g) of this rule.Natural Resources Commission; 312 IAC 23-3-5; filed Oct 9, 2001, 4:34 p.m.: 25 IR 708; readopted filed Aug 4, 2005, 6:00 p.m.: 28 IR 3661; readopted filed Jul 28, 2011, 10:28 a.m.: 20110824-IR-312110103RFA