CHAPTER 2. DEFINITIONS
IC 5-28-2
Chapter 2. Definitions
IC 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.
IC 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.
IC 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.
IC 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.
IC 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(a).
As added by P.L.4-2005, SEC.34.
IC 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.
IC 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.