"Qualified investment"
Sec. 4. As used in this chapter, "qualified investment" means any
of the following:
(1) The purchase of an ownership interest in a business that
locates all or part of its operations in a qualified area during the
taxable year, if the purchase is approved by the Indiana
economic development corporation under section 12 of this
chapter.
(2) Subject to section 13 of this chapter, an investment:
(A) that is made in a business that locates all or part of its
operations in a qualified area during the taxable year;
(B) through which the taxpayer does not acquire an
ownership interest in the business; and
(C) that is approved by the Indiana economic development
corporation under section 12 of this chapter.
As added by P.L.81-2004, SEC.22. Amended by P.L.4-2005, SEC.63.
Last modified: May 28, 2006