Indiana Code Title 6. Taxation § 6-3-2-13

Sec. 13. (a) As used in this section, “export income” means the gross receipts from the sale, transfer, or exchange of tangible personal property destined for international markets that is:

(b) As used in this section, “export sales ratio” means the quotient of:

(c) As used in this section, “taxpayer” means a person or corporation that has export income.

(d) The ports of Indiana established by IC 8-10-1-3 shall notify the department when a maritime opportunity district is established under IC 6-1.1-40 (before its expiration).  The notice must include:

(e) The ports of Indiana shall also notify the department of any subsequent changes in the list of taxpayers located in the district.

(f) A taxpayer is entitled to a deduction from the taxpayer's adjusted gross income in an amount equal to the lesser of:

(g) The percentage to be used in determining the amount a taxpayer is entitled to deduct under this section depends upon the number of years that the taxpayer could have taken a deduction under this section.  The percentage to be used in subsection (f) is as follows:

(h) The department shall determine, for each taxpayer claiming a deduction under this section, the taxpayer's export sales ratio for purposes of IC 6-1.1-40 (before its expiration).  The department shall certify the amount of the ratio to the department of local government finance.

(i) A taxpayer is not entitled to a deduction under this section based on export income received by the taxpayer after December 31, 2015.

(j) This section expires January 1, 2025.