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IN
Redevelopment Tax Credit
Provides assignable Indiana income tax credits for redevelopment of vacant or underutilized land and buildings.
About this program
Indiana's Redevelopment Tax Credit provides companies and developers an assignable income tax credit for investing in redevelopment projects that improve quality of place and build local capacity. The credit supports redevelopment of vacant or underutilized land and buildings, and only projects expected by IEDC to have a positive return on investment are eligible.
Eligibility
Eligible applicants are companies or developers investing in qualified redevelopment projects involving vacant or underutilized real property in Indiana communities.
Requirements
- Project must involve qualified redevelopment of real property in Indiana.
- Project must improve quality of place or build capacity at the local level.
- IEDC must expect the project to have a positive return on investment.