Indiana § 13-11-2-203.5 - "Small business"
Full text of Indiana Indiana Code § 13-11-2-203.5 — "Small business", with citation guidance and answers to common questions.
§ 13-11-2-203.5. "Small business"
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 IC 13-20.5.
As added by P.L.178-2009, SEC.23. Amended by P.L.1-2010, SEC.60; P.L.135-2026, SEC.33.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 13-11-2-203.5
What does Indiana Code § 13-11-2-203.5 cover?
Section 13-11-2-203.5 (""Small business"") is part of the Indiana Code, the codified statutory law of Indiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Indiana § 13-11-2-203.5?
A common citation format is "Indiana Code § 13-11-2-203.5" (Indiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 13-11-2-203.5 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Indiana.