Indiana Code
Chapter 1. Definitions
6-5.5-1-21. "Loans Arising in Factoring"

Sec. 21. (a) "Loans arising in factoring" means:
(1) a loan or extension of credit secured by one (1) or more accounts receivable; or
(2) a sale of one (1) or more accounts receivable in which the purchaser has recourse against the seller for an uncollected accounts receivable.
(b) The term does not refer to:
(1) a sale of one (1) or more accounts receivable without recourse; or
(2) an assignment of an account receivable.
As added by P.L.146-2020, SEC.31.

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Structure Indiana Code

Indiana Code

Title 6. Taxation

Article 5.5. Taxation of Financial Institutions

Chapter 1. Definitions

6-5.5-1-1. Application of Definitions

6-5.5-1-2. "Adjusted Gross Income"

6-5.5-1-2-b. "Adjusted Gross Income"

6-5.5-1-3. "Business of a Financial Institution"

6-5.5-1-4. "Commercial Domicile"

6-5.5-1-5. "Compensation"

6-5.5-1-6. "Corporation"

6-5.5-1-7. "Department"

6-5.5-1-8. "Employee"

6-5.5-1-9. "Foreign Bank"

6-5.5-1-10. "Gross Income"

6-5.5-1-11. "Internal Revenue Code"

6-5.5-1-12. "Nonresident Taxpayer"

6-5.5-1-13. "Resident Taxpayer"

6-5.5-1-14. "Subsidiary"

6-5.5-1-15. "Taxable Year"

6-5.5-1-16. "Taxing Jurisdiction"

6-5.5-1-17. "Taxpayer"

6-5.5-1-18. "Unitary Business"

6-5.5-1-19. "Partnership"

6-5.5-1-20. "Bonus Depreciation"

6-5.5-1-21. "Loans Arising in Factoring"