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Indiana Code Title 4. State Offices and Administration § 4-32.3-6-6

Current as of January 02, 2024 | Updated by Findlaw Staff

Sec. 6. (a) This section applies only to the renewal of an annual affiliate license under IC 4-32.3-4-8.

(b) A qualified organization's adjusted gross revenue is an amount equal to the difference between:

(1) the qualified organization's total gross revenue;  minus

(2) any amount deducted under IC 4-32.3-5-3(b)(5) for the preceding activity.

(c) For purposes of determining adjusted gross revenue under subsection (b), a qualified organization must aggregate:

(1) the gross revenue from all activities by the qualified organization's Indiana affiliates under the qualified organization's annual affiliate license in a particular year;  and

(2) the deductions taken with respect to the activities described in subsection (b) by all of the qualified organization's Indiana affiliates in particular year.

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Cite this article: FindLaw.com - Indiana Code Title 4. State Offices and Administration § 4-32.3-6-6 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-4-state-offices-and-administration/in-code-sect-4-32-3-6-6/

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