IC 13-11-2-203.5 — "Small business"
Chapter 2. Definitions
Bills amending this section
Section text
Sec. 203.5. (a) Except as provided in subsection (b), "small business", for purposes of section 47.7 of this chapter, means a business that satisfies all the following: (1) The business is independently owned and operated. (2) The principal office of the business is located in Indiana. (3) The business satisfies either of the following: (A) The business has not more than: (i) one hundred (100) employees; and (ii) average annual gross receipts of ten million dollars ($10,000,000). (B) If the business is a manufacturing business, the business does not have more than one hundred (100) employees. (b) "Small business" does not include a business subject to electronic waste regulation under IC 13-20.5.
As added by P.L.178-2009, SEC.23. Amended by P.L.1-2010, SEC.60; P.L.135-2026, SEC.33.
Source: official publisher (2026 edition)