Eligibility
Headquarters is defined as the building or buildings where one or more of the following are located:
The principal offices of the principal executive officers of an eligible business
The principal offices of a division or similar subdivision of an eligible business
A research and development center of an eligible business
An “eligible business” is one that:
Is engaged in either interstate or intrastate commerce
Maintains a corporate headquarters at a location outside Indiana
Has not previously maintained a corporate headquarters at a location in Indiana
Had annual worldwide revenues of at least $50 million for the taxable year immediately preceding the business’s application for this tax credit
Commits contractually to relocating its corporate headquarters to Indiana
Company must employ at least 75 employees in Indiana
For more information, please download the HQRTC Facts.