{"data":{"id":"us-in/ic-6-3.1-24-4.5","jurisdiction":"us-in","citation":"IC 6-3.1-24-4.5","heading":"\"Substantial presence\"","body":"Sec. 4.5. (a) As used in this chapter, \"substantial presence\" means:\n(1) maintaining a company headquarters in Indiana; or\n(2) maintaining at least seventy-five percent (75%) of a company's total payroll in Indiana.\n(b) Notwithstanding subsection (a), a company receiving qualified investment capital from a qualified Indiana investment fund shall be considered to have substantial presence in Indiana if the company commits to relocate:\n(1) its headquarters; or\n(2) seventy-five percent (75%) of its total payroll;\nto Indiana within one (1) year of receiving qualified investment capital from a qualified Indiana investment fund.","path":["TITLE 6. TAXATION","ARTICLE 3.1. STATE TAX LIABILITY CREDITS","Chapter 24. Venture Capital Investment Tax Credit"],"source_url":"https://iga.in.gov/ic/2026/Title_6.html#6-3.1-24-4.5","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-09T01:51:39Z","sha256":"e4ee15f3fc669dced3ba356b489ea10a0f2a5e409eab95548326e04ba4ae9187","source_id":"us-in","stale":false,"prev":"us-in/ic-6-3.1-24-4","next":"us-in/ic-6-3.1-24-5"},"notice":"GroundRules: Original legal text. Not legal advice."}