Ind. Code ch. 5-28-2

in effect

Ind. Code § 5-28-2-1 Applicability

Sec. 1. The definitions in this chapter apply throughout this article. As added by P.L.4-2005, SEC.34.

Ind. Code § 5-28-2-1.5 "Applicable tax credit"

Sec. 1.5. "Applicable tax credit" means a tax credit available under any of the following: (1) IC 6-3.1-13. (2) IC 6-3.1-17.1. (3) IC 6-3.1-19. (4) IC 6-3.1-26. (5) IC 6-3.1-30. (6) IC 6-3.1-34. (7) IC 6-3.1-36. (8) IC 6-3.1-37.2. As added by P.L.135-2022, SEC.2. Amended by P.L.214-2023, SEC.1; P.L.213-2025, SEC.68.

Ind. Code § 5-28-2-2 "Board"

Sec. 2. "Board" refers to the board of the corporation established under IC 5-28-4. As added by P.L.4-2005, SEC.34.

Ind. Code § 5-28-2-3 "Corporation"

Sec. 3. Except as otherwise provided, "corporation" refers to the Indiana economic development corporation established by IC 5-28-3-1. As added by P.L.4-2005, SEC.34.

Ind. Code § 5-28-2-3.5 "Duplicative state reporting requirement"

Sec. 3.5. "Duplicative state reporting requirement" means a state statute, rule, or guideline that has the effect of requiring a small business in Indiana to report to two (2) or more state agencies the same or substantially similar: (1) notifications; (2) tax reporting information; (3) employment data; (4) statistical data; or (5) other similar information or data; related to its employees. The term does not include duplicative reporting of names, addresses, telephone numbers, or any other similar identifying information. As added by P.L.139-2017, SEC.1.

Ind. Code § 5-28-2-4 "Economic development"

Sec. 4. "Economic development" refers to the purposes described in IC 5-28-1-1. As added by P.L.4-2005, SEC.34.

Ind. Code § 5-28-2-5 "Secretary of commerce"

Sec. 5. "Secretary of commerce" refers to the secretary of commerce appointed under IC 5-28-3-4. As added by P.L.4-2005, SEC.34. Amended by P.L.197-2021, SEC.3.

Ind. Code § 5-28-2-5.5 "Job creation incentive"

Sec. 5.5. "Job creation incentive" means a tax credit, tax deduction, grant, loan, or loan guarantee that a statute authorizes the state or an instrumentality of the state (excluding any political subdivision or other unit of local government) to award or approve for the purpose of encouraging the creation of new jobs in Indiana. As added by P.L.110-2010, SEC.6.

Ind. Code § 5-28-2-6 "Small business"

Sec. 6. For purposes of IC 5-28-17, "small business" means a business entity that satisfies the following requirements: (1) On at least fifty percent (50%) of the working days of the business entity occurring during the preceding calendar year, the business entity employed not more than one hundred fifty (150) employees. (2) The majority of the employees of the business entity work in Indiana. As added by P.L.56-2009, SEC.1.

Ind. Code § 5-28-2-7 "State agency"

Sec. 7. For purposes of section 3.5 of this chapter, "state agency" means all agencies, authorities, boards, commissions, and officers of the executive, including the administrative, department of state government, and all bodies corporate and politic established as instrumentalities of the state. As added by P.L.139-2017, SEC.2.

Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/5Fetched: 10/17/2026