Sec. 2. As used in this chapter, “capital actually invested” includes the following amounts expended by a lessor corporation:

(1) Organization and incorporation expenses.

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Terms Used In Indiana Code 20-47-2-2

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
(2) Financing costs.

(3) Carrying charges.

(4) Legal fees.

(5) Architects’ fees.

(6) Contractors’ fees.

(7) Reasonable costs and expenses incidental thereto.

[Pre-2006 Recodification Citation: 21-5-11-3 part.]

As added by P.L.2-2006, SEC.170.