Sec. 2. As used in this chapter, "qualified applicant" means: (1) a short line rail company located in whole or in part in Indiana that is classified by the United States Surface Transportation Board as a Class II or Class III railroad that makes qualified railroad expenditures; or (2) an owner or lessee of a rail siding, industrial spur, or industry track located: (A) on or adjacent to a Class II or Class III railroad in Indiana; or (B) in a qualified rural county; that makes qualified new rail infrastructure expenditures. As added by P.L.173-2025, SEC.2.
"Qualified applicant"
Ind. Code § 6-3.1-38.1-2, under Railroad Tax Credit for Qualified Infrastructure Investment.
Ind. Code § 6-3.1-38.1-2