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Indiana Code — Title 6 (Taxation)

IC 6-5.5-3-4

Regularly solicit business; presumption

Official textiga.in.govlast amended

Sec. 4. A person is presumed, subject to rebuttal, to regularly solicit business within
Indiana if:

# (1)

the person conducts activities described in section 1(3), 1(5), and 1(6) of this chapter with twenty (20) or more customers within Indiana during the taxable year; or

# (2)

the sum of the person's assets, including the assets arising from loan transactions, and the absolute value of the person's deposits attributable to Indiana equal at least five million dollars ($5,000,000).

As added by P.L.347-1989(ss), SEC.1. Amended by P.L.21-1990, SEC.28; P.L.68-1991,
SEC.10.

Amendment history

As added by P.L.347-1989(ss), SEC.1. Amended by P.L.21-1990, SEC.28; P.L.68-1991, SEC.10.

Source: view the official text

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Nearby sections (25 sections)
  1. 6-5.5-2-1 · Computation of franchise tax
  2. 6-5.5-2-2 · Repealed
  3. 6-5.5-2-3 · Apportioned income of taxpayer not filing combined return
  4. 6-5.5-2-4 · Apportioned income of taxpayer filing combined return for
  5. 6-5.5-2-5 · Repealed
  6. 6-5.5-2-5.3 · Repealed
  7. 6-5.5-2-6 · Credit for nonresident taxpayer
  8. 6-5.5-2-7 · Exemptions
  9. 6-5.5-2-8 · Partnerships; grantor or beneficiary of a trust; information
  10. 6-5.5-3-1 · Transacting business within state
  11. 6-5.5-3-2 · Maintains office
  12. 6-5.5-3-3 · Conducting business
  13. 6-5.5-3-4 · Regularly solicit business; presumption
  14. 6-5.5-3-5 · Tangible assets, intangible assets, and deposits…
  15. 6-5.5-3-6 · Tangible property; located in state
  16. 6-5.5-3-7 · Moving property; located in state
  17. 6-5.5-3-8 · Events not considered transacting business in state
  18. 6-5.5-4-1 · Application of chapter
  19. 6-5.5-4-2 · Definitions
  20. 6-5.5-4-3 · Lease or rental of real or tangible personal property
  21. 6-5.5-4-4 · Secured loans or installment sales contracts; interest…
  22. 6-5.5-4-5 · Unsecured consumer loans; interest income and other receipts
  23. 6-5.5-4-6 · Unsecured commercial loans or installment obligations;
  24. 6-5.5-4-7 · Fee income and other receipts from letters of credit,
  25. 6-5.5-4-8 · Credit cards; apportionment of service charges, interest
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