Business financing arrangements.

Authors: Senator Travis Holdman, Senator Randall Head, Senator Michael Delph

Co-authors: Senator Greg Taylor, Senator Frank Mrvan

Sponsors: Representative Kathleen Heuer

Co-Sponsors: Representative Steven Davisson, Representative Robin Shackleford, Representative Christina Hale, Representative David Ober

Advisors: Senator Randall Head, Senator Frank Mrvan


Specifies that the following are not securities subject to IC 23: (1) A venture capital investment tax credit. (2) A certificate from the Indiana economic development corporation indicating that a taxpayer has fulfilled the requirements of the corporation and is entitled to a venture capital investment tax credit. Defines "accredited investor" for the purposes of the Uniform Securities Act. Adds exemptions to the Uniform Securities Act for certain transactions.