Section 17IAC2-3-5. Modification of tax credits

   (a) The division may, for misrepresentation, fraud, or similar good cause, file a complaint with the commission under IC 4-21.5 to modify or terminate a tax credit previously approved under this rule.

  (b) The division shall, by administrative letter, modify a tax credit certification to conform the credit to a subsequent statutory change to IC 6-3.1 (or the amount of the annual credit authorized by IC 6-3.1). A modification under this subsection may accelerate or defer when a credit can be taken but shall not modify the sequence of the queue referenced in section 4(g) of this rule. (Office of Community and Rural Affairs; 17 IAC 2-3-5; filed Oct 9, 2001, 4:34 p.m.: 25 IR 708; readopted filed Aug 4, 2005, 6:00 p.m.: 28 IR 3661; readopted filed Jul 28, 2011, 10:28 a.m.: 20110824-IR-312110103RFA) NOTE: Transferred from the Natural Resources Commission (312 IAC 23-3-5) to the Office of Community and Rural Affairs (17 IAC 2-3-5) by P.L.166-2014, SECTION 21, effective January 1, 2015.

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