Sec. 2. As used in this chapter, "eligible business" means either of the following: (1) A business that: (A) is engaged in either interstate or intrastate commerce; (B) maintains a corporate headquarters at a location outside Indiana; (C) has not previously maintained a corporate headquarters at a location in Indiana; (D) had annual worldwide revenues of at least fifty million dollars ($50,000,000) for the taxable year immediately preceding the business's application for a tax credit under section 12 of this chapter; and (E) commits contractually to relocating its corporate headquarters to Indiana. (2) A business that: (A) is engaged in either interstate or intrastate commerce; (B) maintains a corporate headquarters at a location outside Indiana; (C) has not previously maintained a corporate headquarters at a location in Indiana; (D) either: (i) received at least four million dollars ($4,000,000) in venture capital in the six (6) months immediately preceding the business's application for a tax credit under section 12 of this chapter; or (ii) closes on at least four million dollars ($4,000,000) in venture capital not later than six (6) months after submitting the business's application for a tax credit under section 12 of this chapter; and (E) commits contractually to relocating: (i) its corporate headquarters to Indiana; or (ii) the number of jobs that equals eighty percent (80%) of the business's total payroll during the immediately preceding quarter to a location in Indiana.
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