Indiana Code 6-1.1-40-4. “New manufacturing equipment”
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Sec. 4. As used in this chapter, “new manufacturing equipment” means any tangible personal property that an applicant for the deduction under section 11 of this chapter:
(2) uses in the direct production, manufacture, fabrication, assembly, extraction, mining, processing, refining, or finishing of other tangible personal property;
(1) installs in a district before July 1, 2018;
Terms Used In Indiana Code 6-1.1-40-4
- affiliate: means an entity that effectively controls or is controlled by an applicant for a deduction under this chapter or is associated with an applicant for a deduction under this chapter under common ownership or control, whether by shareholdings or other means. See Indiana Code 6-1.1-40-1.5
- district: means a geographic territory designated as a maritime opportunity district by the ports of Indiana under section 7 of this chapter. See Indiana Code 6-1.1-40-2
- Personal property: includes goods, chattels, evidences of debt, and things in action. See Indiana Code 1-1-4-5
- Personal property: All property that is not real property.
(3) acquires in an arms length transaction from an entity that is not an affiliate of the applicant for use as described in subdivision (2); and
(4) never used for any purpose in Indiana before the installation described in subdivision (1).
As added by P.L.62-1988, SEC.1. Amended by P.L.154-2006, SEC.58; P.L.212-2018(ss), SEC.14.