Terms Used In Indiana Code > Title 6 > Article 3.1 > Chapter 30 - Headquarters Relocation Tax Credit

• corporate headquarters: means the building or buildings where one (1) or more of the following are located:

  Indiana Code 6-3.1-30-1

• 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.
• corporation: refers to the Indiana economic development corporation created under IC 5-28-3 unless the context clearly denotes otherwise. See Indiana Code 6-3.1-30-1.5
• eligible business: means either of the following:

  Indiana Code 6-3.1-30-2

• Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). ^{Source: OCC}
• 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 6-3.1-30-3

• Property: includes personal and real property. See Indiana Code 1-1-4-5
• qualifying project: means the relocation of the corporate headquarters of an eligible business from a location outside Indiana to a location in Indiana. See Indiana Code 6-3.1-30-4
• relocation costs: means the reasonable and necessary expenses incurred by an eligible business for a qualifying project. See Indiana Code 6-3.1-30-5
• state tax liability: means a taxpayer's total tax liability that is incurred under:

  Indiana Code 6-3.1-30-6

• taxpayer: means an individual or entity:

  Indiana Code 6-3.1-30-7

• venture capital: means financing provided by investors that may include equity, convertible debt, or other forms of equity-like investment instruments. See Indiana Code 6-3.1-30-7.1
• Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5