Indiana Code — Title 6 (Taxation)

IC 6-3-1-42

"Qualifying investment securities"

Official textiga.in.govlast amended 202514 subsections

Effective 1-1-2026.
Sec. 42. The term "qualifying investment securities" means the following:

# (1)

Common stock, including preferred or debt securities convertible into common stock, and preferred stock.

# (2)

Bonds, debentures, and other debt securities.

# (3)

Foreign and domestic currency deposits secured by federal, state, or local governmental agencies.

# (4)

Mortgage or asset-backed securities secured by federal, state, or local governmental agencies.

# (5)

Repurchase agreements and loan participations.

# (6)

Foreign currency exchange contracts and forward and futures contracts on foreign currencies.

# (7)

Stock and bond index securities and futures contracts and other similar financial securities and futures contracts on those securities.

# (8)

Options for the purchase or sale of any of the securities, currencies, contracts, or financial instruments described in subdivisions (1) through (7).

# (9)

Regulated futures contracts.

# (10)

Commodities (not described in Section 1221(a)(1) of the Internal Revenue Code) or futures, forwards, and options with respect to such commodities, provided, however, that any item of a physical commodity to which title is actually acquired in the partnership's capacity as a dealer in such commodity shall not be a qualifying investment security.

# (11)

Derivatives.

# (12)

A partnership interest in another partnership that is an investment partnership.

# (13)

A partnership interest that, in the hands of the partnership, qualifies as a security within the meaning of 15 U.S.C. 77b(a)(1).
As added by P.L.230-2025, SEC.67.

Amendment history

As added by P.L.230-2025, SEC.67.

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