Ind. Admin. Code tit. 45, § 3.1-1-89 - Limitation on Total Neighborhood Assistance Credits Granted by State

Current as of January 1, 1970

45 Iac 3.1-1-89 - Limitation on Total Neighborhood Assistance Credits Granted by State45 Iac 3.1-1-89 - Limitation on Total Neighborhood Assistance Credits Granted by State

45 Iac 3.1-1-88 - Claim for Neighborhood Assistance Credit 45 Iac 3.1-1-90 - Time Extensions for Filing Returns (repealed)

45 IAC 3.1-1-89 Limitation on total neighborhood assistance credits granted by state

Authority: IC 6-8.1-3-3

Affected: IC 6-3.1-9

Sec. 89. Maximum Amount of Neighborhood Assistance Credit Allowable. The total amount of Neighborhood Assistance Credit in any State fiscal year (July 1-June 30) may not exceed one million dollars. When the total credits approved equal one million dollars, no applications thereafter will be approved. Due to this limitation, applications for the credit will be considered in the chronological order in which they are filed.

(Department of State Revenue; Reg 6-3-3.1-6(010); filed Oct 15, 1979, 11:15 am: 2 IR 1543; errata, 2 IR 1743)

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