Revisor's Note: The effective date of amendment of IC 6-2.5-15-15 by P.L.178-2025, SEC.15 was changed to 1-1-2026 by P.L.213-2025, SEC.337.

1. (1) The corporation shall require the qualified data center user or quantum computing research, advanced computing, and defense infrastructure network operator, as applicable, to enter into an agreement with the corporation as a condition of receiving a specific transaction award certificate under this chapter.

2. (2) The agreement with the corporation must include:

   1. (A) a detailed description of the project that is the subject of the agreement that includes documentation of compliance with the requirement that the investment be specific to infrastructure for the Indiana defense industry or quantum computing research or advanced computing;
   2. (B) the duration of the specific transaction award certificate and the first taxable year for which the award provided by this chapter may be used; and
   3. (C) a requirement that the qualified data center user or quantum computing research, advanced computing, and defense infrastructure network operator, as applicable, annually report to the corporation on the amount of taxes that were not paid by the qualified data center user or quantum computing research, advanced computing, and defense infrastructure network operator in connection with the purchase of data center equipment or quantum computing research, advanced computing, and defense infrastructure network equipment, as applicable.

Sec. 15. The following apply if the corporation approves an application for a specific transaction award certificate:

As added by P.L.256-2019, SEC.2. Amended by P.L.178-2025, SEC.15.