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Indiana Code Title 6. Taxation § 6-3.1-24-3

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

Sec. 3. As used in this chapter, “qualified investment capital” means debt or equity capital that is provided to a qualified Indiana business or a qualified Indiana investment fund after December 31, 2003.  However, the term does not include debt that:

(1) is provided by a financial institution (as defined in IC 5-13-4-10) after May 15, 2005;  and

(2) is secured by a valid mortgage, security agreement, or other agreement or document that establishes a collateral or security position for the financial institution that is senior to all collateral or security interests of other taxpayers that provide debt or equity capital to the qualified Indiana business.

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Cite this article: FindLaw.com - Indiana Code Title 6. Taxation § 6-3.1-24-3 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-6-taxation/in-code-sect-6-3-1-24-3/

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