(a)

1. (1) The amount of wetland and riparian zone creation and restoration credit allowed shall be equal to the project cost incurred in the development, creation, or restoration of wetlands and riparian zones but shall not exceed fifty thousand dollars ($50,000).
2. (2) Only the actual costs to the taxpayer will be considered for tax credit.

(b) The amount of the wetland and riparian zone conservation tax credit allowed shall:

1. (1) Equal fifty percent (50%) of the fair market value of the qualified real property interest donation calculated to exclude any short-term capital gain under 26 U.S.C. § 170(e)(1)(A), as in effect on January 1, 2009; and
2. (2) Not exceed fifty thousand dollars ($50,000).

(c) The amount of credit that may be used by a taxpayer for a taxable year may not exceed the lesser of:

1. (1) The amount of individual or corporate income tax otherwise due; or
2. (2) Five thousand dollars ($5,000) per taxpayer.