Indiana Code 6-3.1-39.5-7. “Taxpayer”
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Terms Used In Indiana Code 6-3.1-39.5-7
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- pass through entity: means :
Indiana Code 6-3.1-39.5-2
- state tax liability: means the taxpayer's total tax liability that is incurred under:
Indiana Code 6-3.1-39.5-6
- taxpayer: means any person, corporation, limited liability company, partnership, or other entity that has any state tax liability and employs one hundred (100) individuals or less. See Indiana Code 6-3.1-39.5-7
Sec. 7. As used in this chapter, “taxpayer” means any person, corporation, limited liability company, partnership, or other entity that has any state tax liability and employs one hundred (100) individuals or less. The term includes a pass through entity. However, the term does not include a taxpayer who is in the business of operating a child care facility prior to making qualified expenditures.
As added by P.L.201-2023, SEC.103.