Sec. 2. As used in this chapter, “qualified taxpayer” means an employer that is a corporation, a limited liability company, a partnership, or another entity that:

(1) has any state tax liability; and

Terms Used In Indiana Code 6-3.1-38-2

  • 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.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • state tax liability: means a qualified taxpayer's total tax liability that is incurred under:

    Indiana Code 6-3.1-38-3

(2) has adopted a health reimbursement arrangement (as described in Section 9831(d) of the Internal Revenue Code) in lieu of a traditional employer provided health insurance plan.

As added by P.L.203-2023, SEC.2.

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