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Indiana Code — Title 6 (Taxation)

IC 6-3.1-24-3

"Qualified investment capital" defined

Official textiga.in.govlast amended

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.
As added by P.L.192-2002(ss), SEC.119. Amended by P.L.193-2005, SEC.16; P.L.165-2021,
SEC.77.

Amendment history

As added by P.L.192-2002(ss), SEC.119. Amended by P.L.193-2005, SEC.16; P.L.165-2021, SEC.77.

Source: view the official text

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Nearby sections (25 sections)
  1. 6-3.1-22-9 · Qualifying conditions; assistance to office by department…
  2. 6-3.1-22-10 · Certifications for rehabilitation work
  3. 6-3.1-22-11 · Credit claimed on tax return
  4. 6-3.1-22-12 · Reduction of adjusted basis
  5. 6-3.1-22-13 · Recaptured credit
  6. 6-3.1-22-14 · Credit exceeding tax liability
  7. 6-3.1-22-15 · Maximum credit; restrictions
  8. 6-3.1-22-15.5 · Residential historic rehabilitation credit; eligibility
  9. 6-3.1-22-16 · Adoption of rules
  10. 6-3.1-24-1 · "Pass through entity" defined
  11. 6-3.1-24-2 · "Qualified Indiana business" defined
  12. 6-3.1-24-2.5 · "Qualified Indiana investment fund"
  13. 6-3.1-24-3 · "Qualified investment capital" defined
  14. 6-3.1-24-4 · "State tax liability" defined
  15. 6-3.1-24-4.5 · "Substantial presence"
  16. 6-3.1-24-5 · "Taxpayer" defined
  17. 6-3.1-24-6 · Credit; eligibility
  18. 6-3.1-24-7 · Certification of qualified Indiana business; forms; fee
  19. 6-3.1-24-7.5 · Certification of qualified Indiana investment fund; forms
  20. 6-3.1-24-8 · Maximum allowable credit; notice to investors
  21. 6-3.1-24-8.5 · Maximum allowable credit; qualified investment fund;…
  22. 6-3.1-24-9 · Repealed
  23. 6-3.1-24-10 · Repealed
  24. 6-3.1-24-11 · Pass through entity; eligibility of owners, shareholders,…
  25. 6-3.1-24-12 · Carryover of unused tax credit; assignment of all or part…
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