As used in this chapter, "qualifying individual" means an individual or a member of an individual's household who may establish an individual development account because the individual:

1. (1) is an Indiana resident; and

2. (2) either:

   1. (A) receives or is a member of a household that receives assistance under IC 12-14-2 ; or
   2. (B) is a member of a household with an annual household income that is less than two hundred percent (200%) of the federal income poverty level.

As added by P.L.15-1997, SEC.1. Amended by P.L.289-2001, SEC.5; P.L.50-2016, SEC.3.