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2018 Indiana Code
TITLE 6. Taxation
ARTICLE 5.5. TAXATION OF FINANCIAL INSTITUTIONS
CHAPTER 3. Business Transaction Rules
6-5.5-3-4. Regularly solicit business; presumption
Universal Citation: IN Code § 6-5.5-3-4 (2018)
IC 6-5.5-3-4 Regularly solicit business; presumption
Sec. 4. A person is presumed, subject to rebuttal, to regularly solicit business within Indiana if:
(1) the person conducts activities described in section 1(3), 1(5), and 1(6) of this chapter with twenty (20) or more customers within Indiana during the taxable year; or
(2) the sum of the person's assets, including the assets arising from loan transactions, and the absolute value of the person's deposits attributable to Indiana equal at least five million dollars ($5,000,000).
As added by P.L.347-1989(ss), SEC.1. Amended by P.L.21-1990, SEC.28; P.L.68-1991, SEC.10.
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