Section 6-3.1-24-7.5 - Certification of qualified Indiana investment fund; forms(a) The Indiana economic development corporation may certify that an investment fund is a qualified Indiana investment fund if the corporation determines that the fund meets the definition in section 2.5 of this chapter and the requirements in subsection (b).(b) The Indiana economic development corporation may only certify a fund as a qualified Indiana investment fund if the fund makes investments according to a policy that: (1) requires eligible companies to be primarily focused on the commercialization of research and development, technology transfer, or application of new technology; and(2) prioritizes investments in companies that:(A) have received a grant, loan, or other investment funds provided by the Indiana twenty-first century research and technology fund established by IC 5-28-16-2; or(B) maintain a substantial presence in Indiana.(c) An investment fund must apply to be certified as a qualified Indiana investment fund on a form prescribed by the Indiana economic development corporation.(d) If an investment fund is certified as a qualified Indiana investment fund under this section, the Indiana economic development corporation shall provide a copy of the certification to the investors in the qualified Indiana investment fund for inclusion in tax filings.Added by P.L. 165-2021,SEC. 80, eff. 1/1/2022.