IC 6-3.1-30.5-3 (Version b): "Scholarship granting organization"

Sec. 3. As used in this chapter, "scholarship granting organization" refers to:

(1) an organization that:

(A) is exempt from federal income taxation under Section 501(c)(3) of the Internal Revenue Code; and

(B) conducts a school scholarship program without limiting the availability of scholarships to students of only one (1) participating school (as defined in IC 20-51-1-6); or

(2) an organization that:

(A) meets the requirements described in subdivision (1); and

(B) is included on the list submitted to the Secretary of the Treasury of the United States for the taxable year under IC 20-53-1.