As used in this chapter, "small business" means a business that:

1. (1) is independently owned and operated;
2. (2) is not dominant in its field of operation; and
3. (3) satisfies the criteria in the rules adopted under section 3 of this chapter.

As added by P.L.49-1997, SEC.1. Amended by P.L.90-2013, SEC.1; P.L.15-2020, SEC.14.