consultant-icon

contact an iedc consultant

Kim-Vinson 
Kim Vinson
Business Development
 








Please select your industry:

consultant-icon

contact an iedc consultant

MorganAllen-opt 
Morgan Allen
Small Business Program Administrator
 








Please select your industry:

consultant-icon

contact an iedc consultant

Kim-Vinson 
Kim Vinson
Business Development
 








Please select your industry:
Does your business experience barriers to growth?
Are you considering plans for expansion in the next two years?
Have you experienced challenges in attracting or retaining your current workforce?

 

Subscribe to the IEDC Newsletter

Email Format
* Indicates Required Field
 

Sign up for news releases

* indicates required
Email Format
header-splash
IEDC_0001_2 - Incentives
Industrial Recovery Tax Credit

The Industrial Recovery Tax Credit, also known as the DINO tax credit for older buildings it benefits, provides an incentive for companies to invest in former industrial facilities requiring significant rehabilitation or remodeling expenses. The credit is established by Indiana Code 6-3.1-11. After December 31, 2019 the IEDC may not make awards under IRTC. Entities who have previously been awarded credits may carry forward unused credits until 2030.

Calculation

The IEDC intends to partner with local government in the revitalization of qualified industrial sites; therefore, any award under this program likely will not exceed the financial support offered by the locality. The credit amount is equal to the amount of the qualified investment multiplied by the applicable percentage, which can range from 15-25% (see Indiana Code 6-3.1-11-1).

  • 15 percent for a plant placed in service between 15 and 29 years ago

  • 20 percent for a plant placed in service between 30 and 39 years ago

  • 25 percent for a plant placed in service at least 40 years ago

The credit may be passed through per Indiana Code 6-3.1-11-24. The credit may be carried over to the immediately following taxable years if it exceeds the taxpayer’s state tax liability per Indiana Code 6-3.1-11-17. The credit is applied against the taxpayer’s state tax liability, in the following order: adjusted gross income tax liability, insurance premiums tax liability, and financial institutions tax.

An application must be approved before an investment is made. See the application for additional requirements. Download the application here or in the Additional Materials section (revised Jan. 2016).

Additional Materials