Indiana Code 6-1.1-8.2-1. “Qualified expenditures” defined
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Sec. 1. (a) As used in this chapter, “qualified expenditures” means expenditures made by a taxpayer during a particular calendar year on the maintenance or improvement in Indiana of railcars owned or used by the taxpayer.
(1) Expenses for:
(b) The term includes, but is not limited to, the following:
Terms Used In Indiana Code 6-1.1-8.2-1
- taxpayer: means a railcar company (as defined by Indiana Code 6-1.1-8.2-2
- Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
(A) labor;
(B) materials; or
(C) overhead;
that are incurred by a taxpayer in the maintenance or improvement of a railcar owned or used by the taxpayer.
(2) Payments made by a taxpayer to others for the purpose of performing the maintenance or improvement of a railcar.
As added by P.L.253-1999, SEC.2. Amended by P.L.38-2021, SEC.20.