Sec. 8.5. (a) A certification provided under section 7.5 of this chapter must include notice to investors of the maximum amount of tax credits available under this chapter for the provision of
qualified investment capital to the
qualified Indiana investment fund.
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Terms Used In Indiana Code 6-3.1-24-8.5
- 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
(1) The total amount of qualified investment capital provided to the qualified Indiana investment fund in the calendar year, multiplied by twenty percent (20%).
(2) Five million dollars ($5,000,000).
As added by P.L.165-2021, SEC.82.
