Sec. 9. The total amount of tax credits that may be approved by the corporation under this
chapter in a particular calendar year for qualified investment capital provided during
that calendar year may not exceed twelve million five hundred thousand dollars ($12,500,000). An amount of an unused credit carried over by a taxpayer from a previous calendar
year may not be considered in determining the amount of proposed investments that
the Indiana economic development corporation may certify under this chapter.
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