Indiana § 6-3.1-24-4.5 "Substantial presence"

Indiana Statutes

§ 6-3.1-24-4.5 — "Substantial presence"

Indiana § 6-3.1-24-4.5

Art. 3.1STATE TAX LIABILITY CREDITS

Ch. 24Venture Capital Investment Tax Credit

This text of Indiana § 6-3.1-24-4.5 ("Substantial presence") is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 6-3.1-24-4.5 (2026).

Text

5.

(a)As used in this chapter, "substantial presence" means:

(1)maintaining a company headquarters in Indiana; or

(2)maintaining at least seventy-five percent (75%) of a company's total payroll in Indiana.

(b)Notwithstanding subsection (a), a company receiving qualified investment capital from a qualified Indiana investment fund shall be considered to have substantial presence in Indiana if the company commits to relocate:

(1)its headquarters; or

(2)seventy-five percent (75%) of its total payroll; to Indiana within one (1) year of receiving qualified investment capital from a qualified Indiana investment fund.

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5. (a) As used in this chapter, "substantial
presence" means:
(1) maintaining a company headquarters in Indiana; or
(2) maintaining at least seventy-five percent (75%) of a company's
total payroll in Indiana.
(b) Notwithstanding subsection (a), a company receiving qualified
investment capital from a qualified Indiana investment fund shall be
considered to have substantial presence in Indiana if the company
commits to relocate:
(1) its headquarters; or
(2) seventy-five percent (75%) of its total payroll;
to Indiana within one (1) year of receiving qualified investment capital
from a qualified Indiana investment fund.