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2020 Indiana Code
Title 6. Taxation
Article 5.5. Taxation of Financial Institutions
Chapter 4. Rules for Attributing Receipts
6-5.5-4-7. Fee Income and Other Receipts From Letters of Credit, Acceptance of Drafts, and Other Guarantees of Credit; Apportionment
Universal Citation: IN Code § 6-5.5-4-7 (2020)
Sec. 7. Fee income and other receipts from letters of credit, acceptance of drafts, and other devices for assuring or guaranteeing loans or credit must be apportioned in the same manner as interest income and other receipts from commercial loans are apportioned.
As added by P.L.347-1989(ss), SEC.1.
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