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.
Structure Indiana Code
Article 5.5. Taxation of Financial Institutions
Chapter 3. Business Transaction Rules
6-5.5-3-1. Transacting Business Within State
6-5.5-3-3. Conducting Business
6-5.5-3-4. Regularly Solicit Business; Presumption
6-5.5-3-5. Tangible Assets, Intangible Assets, and Deposits Attributable to State
6-5.5-3-6. Tangible Property; Located in State
6-5.5-3-7. Moving Property; Located in State
6-5.5-3-8. Events Not Considered Transacting Business in State