Sec. 203.5. (a) Except as provided in subsection (b), “small business”, for purposes of section 47.7 of this chapter, means a business that satisfies all the following:

(1) The business is independently owned and operated.

(2) The principal office of the business is located in Indiana.

(3) The business satisfies either of the following:

(A) The business has not more than:

(i) one hundred (100) employees; and

(ii) average annual gross receipts of ten million dollars ($10,000,000).

(B) If the business is a manufacturing business, the business does not have more than one hundred (100) employees.

     (b) “Small business” does not include a business subject to electronic waste regulation under 329 IAC 16.

As added by P.L.178-2009, SEC.23. Amended by P.L.1-2010, SEC.60.