"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 329 IAC 16. As added by P.L.178-2009, SEC.23. Amended by P.L.1-2010, SEC.60.