IC 6-1.1-24.5-1: Definitions

Sec. 1. The following definitions apply throughout this chapter:

(1) "Group of affiliated persons" means a group of persons in which each person of the group has a relationship that is described in Section 267(b) of the Internal Revenue Code with at least one (1) other person of the group.

(2) "Person" means an individual, a corporation, a limited liability company, a partnership, or other legal entity.