Indiana Code Title 6. Taxation § 6-3.1-30-9

Sec. 9. (a) Subject to subsection (b), the amount of the credit to which a taxpayer is entitled under section 8 of this chapter equals the product of:

(b) The credit to which a taxpayer is entitled under section 8 of this chapter may not reduce the taxpayer's state tax liability below the amount of the taxpayer's state tax liability in the taxable year immediately preceding the taxable year in which the taxpayer first incurred relocation costs.  However, this subsection does not apply to a taxpayer that qualifies as an eligible business under section 2(2) of this chapter.