Sec. 15. (a) Before January 1, 2022, the total amount of credits that may be awarded by the Indiana economic development
corporation under this chapter for investment plans certified as provided in section 12.5 of this chapter that propose investing
qualified investment capital in a particular
qualified Indiana business during a particular calendar
year is twelve million five hundred thousand dollars ($12,500,000).
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Terms Used In Indiana Code 6-3.1-24-15
- 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.
- qualified Indiana business: means an independently owned and operated business that is certified as a qualified Indiana business by the Indiana economic development corporation under section 7 of this chapter. See Indiana Code 6-3.1-24-2
- qualified Indiana investment fund: means any private fund that meets the definition of a venture capital fund in 17 C. See Indiana Code 6-3.1-24-2.5
- 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. See Indiana Code 6-3.1-24-3
- Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
As added by P.L.165-2021, SEC.87.
