Indiana Code 6-5.5-3-5. Tangible assets, intangible assets, and deposits attributable to state
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Terms Used In Indiana Code 6-5.5-3-5
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Taxpayer: means a corporation that is transacting the business of a financial institution in Indiana, including any of the following:
Indiana Code 6-5.5-1-17
Sec. 5. For purposes of this chapter, tangible assets are attributable to this state if they are located in Indiana. Intangible assets are attributable to this state if the income earned on those assets is attributable to this state under this article. Deposits are attributed to this state if they are deposits made by this state or residents, political subdivisions, or agencies and instrumentalities of this state regardless of whether the deposits are accepted or maintained by the taxpayer at locations within Indiana.
As added by P.L.347-1989(ss), SEC.1.