Terms Used In Indiana Code > Title 6 > Article 3.1 > Chapter 7 - Enterprise Zone Loan Interest Credit

• Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. ^{Source: OCC}
• 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 6-3.1-7-1
• Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
• 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 a:

  Indiana Code 6-3.1-7-1

• Qualified loan: means a loan made to an entity that uses the loan proceeds for:

  Indiana Code 6-3.1-7-1

• State tax liability: means a taxpayer's total tax liability that is incurred under:

  Indiana Code 6-3.1-7-1

• Taxpayer: means any person, corporation, limited liability company, partnership, or other entity that has any state tax liability. See Indiana Code 6-3.1-7-1
• Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5