Terms Used In Indiana Code > Title 6 > Article 3.1 > Chapter 10 - Enterprise Zone Investment Cost Credit

• 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.
• enterprise zone: means an enterprise zone created under IC 5-28-15. See Indiana Code 6-3.1-10-1
• Month: means a calendar month, unless otherwise expressed. See Indiana Code 1-1-4-5
• 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 6-3.1-10-1.7

• Population: has the meaning set forth in Indiana Code 1-1-4-5
• Property: includes personal and real property. See Indiana Code 1-1-4-5
• qualified investment: means the purchase of an ownership interest in a business located in an enterprise zone if the purchase is approved by the Indiana economic development corporation under section 8 of this chapter. See Indiana Code 6-3.1-10-2
• SIC Manual: refers to the current edition of the Standard Industrial Classification Manual of the United States Office of Management and Budget. See Indiana Code 6-3.1-10-2.5
• state tax liability: means a taxpayer's total tax liability that is incurred under IC 6-3-1 through IC 6-3-7 (the adjusted gross income tax), as computed after the application of the credits that, under Indiana Code 6-3.1-10-3
• taxpayer: includes a pass through entity. See Indiana Code 6-3.1-10-4
• transfer ownership: means to purchase existing investment in a business, including real property, improvements to real property, or equipment. See Indiana Code 6-3.1-10-5
• United States: includes the District of Columbia and the commonwealths, possessions, states in free association with the United States, and the territories. See Indiana Code 1-1-4-5
• Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5