Indiana Code — Title 6 (Taxation)
IC 6-5.5-4-6
Unsecured commercial loans or installment obligations;
interest income and other receipts to be applied in state
Sec. 6. Interest income and other receipts from commercial loans and installment obligations not secured by real or tangible personal property must be attributed to Indiana if the proceeds of the loan are to be applied in Indiana. If it cannot be determined where the funds are to be applied, the income and receipts are attributed to the state in which the business applied for the loan. As used in this section, "applied for" means initial inquiry (including customer assistance in preparing the loan application) or submission of a completed loan application, whichever occurs first.
As added by P.L.347-1989(ss), SEC.1.
Amendment history
As added by P.L.347-1989(ss), SEC.1.
Source: view the official text
Nearby sections (25 sections)
- 6-5.5-3-2 · Maintains office
- 6-5.5-3-3 · Conducting business
- 6-5.5-3-4 · Regularly solicit business; presumption
- 6-5.5-3-5 · Tangible assets, intangible assets, and deposits…
- 6-5.5-3-6 · Tangible property; located in state
- 6-5.5-3-7 · Moving property; located in state
- 6-5.5-3-8 · Events not considered transacting business in state
- 6-5.5-4-1 · Application of chapter
- 6-5.5-4-2 · Definitions
- 6-5.5-4-3 · Lease or rental of real or tangible personal property
- 6-5.5-4-4 · Secured loans or installment sales contracts; interest…
- 6-5.5-4-5 · Unsecured consumer loans; interest income and other receipts
- 6-5.5-4-6 · Unsecured commercial loans or installment obligations;
- 6-5.5-4-7 · Fee income and other receipts from letters of credit,
- 6-5.5-4-8 · Credit cards; apportionment of service charges, interest
- 6-5.5-4-9 · Receipts from sale of assets; apportionment
- 6-5.5-4-10 · Receipts from performance of fiduciary and other services;
- 6-5.5-4-11 · Receipts from traveler's checks, money orders, or savings
- 6-5.5-4-12 · Receipts from investments of financial institution in state
- 6-5.5-4-13 · Participation loans; apportionment of interest income and
- 6-5.5-4-14 · Repealed
- 6-5.5-4-15 · Repealed
- 6-5.5-5-1 · Members of unitary business; combined returns; fair
- 6-5.5-5-2 · Members of unitary group; combined returns
- 6-5.5-5-3 · Information or records required