CNB BANCSHARES, INC. v. DEPT. OF STATE REVENUE

No. 82T10-9608-TA-00094.

706 N.E.2d 616 (1999)

CNB BANCSHARES, INC., Petitioner, v. DEPARTMENT OF STATE REVENUE, Respondent.

Tax Court of Indiana.

March 5, 1999.


Attorney(s) appearing for the Case

Catherine A. Nestrick, Terry G. Farmer, Bamberger, Foreman, Oswald & Hahn, Evansville, IN, Attorneys for Petitioner.

Jeffrey A. Modisett, Attorney General of Indiana, Lisa Tiberend-Slawson, Deputy Attorney General, Indianapolis, IN, Attorneys for Respondent.


FISHER, J.

CNB Bancshares, Inc. (CNB) appeals a final determination of the Department of State Revenue (Department) denying it a tax credit for interest received on qualified loans, see IND.CODE ANN. §§ 6-3.1-7-1 to -6 (West 1989 & Supp.1998), made to businesses located within a statutorily designated enterprise zone. See IND.CODE ANN. §§ 4-4-6.1-1 to -8 (West 1991 & Supp.1998).

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