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2019 Indiana Code
Title 6. Taxation
Article 5.5. Taxation of Financial Institutions
Chapter 4. Rules for Attributing Receipts
6-5.5-4-13. Participation loans; apportionment of interest income and other receipts
Universal Citation: IN Code § 6-5.5-4-13 (2019)
IC 6-5.5-4-13 Participation loans; apportionment of interest income and other receipts
Sec. 13. Interest income and other receipts from a participating financial institution's portion of participation loans must be attributed under this chapter. A participation loan is a loan in which more than one (1) lender is a creditor to a common borrower.
As added by P.L.347-1989(ss), SEC.1.
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