1. (a) A taxpayer that makes a qualified expenditure in a taxable year is entitled to a credit against the taxpayer's state tax liability for the taxable year.

2. (b) Subject to section 9 of this chapter, the maximum amount of the credit to which a taxpayer is entitled in a particular taxable year is equal to the lesser of:

   1. (1) fifty percent (50%) of the employer's qualified expenditures in the taxable year; or
   2. (2) one hundred thousand dollars ($100,000).

As added by P.L.201-2023, SEC.103.