Indiana Code 4-4-32.2-8. “Qualified investment”
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Sec. 8. As used in this chapter, “qualified investment” refers to an ordinary and usual expense that is incurred after June 30, 2009, to purchase any part of an alternative fuel compatible fueling station for the purpose of:
(2) replacing an existing fueling station that is not an alternative fuel compatible fueling station with a fueling station that is an alternative fuel compatible fueling station.
(1) installing a new alternative fuel compatible fueling station at a location on which a fueling station is not located; or
Terms Used In Indiana Code 4-4-32.2-8
- alternative fuel: means liquefied petroleum gas, a compressed natural gas product, or a combination of liquefied petroleum gas and a compressed natural gas product, not including a biodiesel fuel or biodiesel blend, used in an internal combustion engine or a motor to propel a motor vehicle. See Indiana Code 4-4-32.2-1
- fueling station: refers to tangible property (other than a building and its structural components) that:
Indiana Code 4-4-32.2-3
- location: refers to one (1) or more parcels of land that:
Indiana Code 4-4-32.2-4
As added by P.L.151-2009, SEC.1.