Indiana Code 6-3.1-26-8. “Qualified investment”
(1) the purchase of new telecommunications, production, manufacturing, fabrication, assembly, extraction, mining, processing, refining, finishing, distribution, transportation, or logistical distribution equipment;
Terms Used In Indiana Code 6-3.1-26-8
- digital manufacturing equipment: means any production equipment utilized within an integrated computer network system that provides for the onsite manufacturing of a three-dimensional part or product using material that is joined or solidified using multiple layers under computer control pursuant to a computer aided design for rapid or on demand production. See Indiana Code 6-3.1-26-3.1
- Property: includes personal and real property. See Indiana Code 1-1-4-5
- taxpayer: means an individual, a corporation, a partnership, or other entity that has state tax liability. See Indiana Code 6-3.1-26-11
(3) costs associated with the modernization of existing telecommunications, production, manufacturing, fabrication, assembly, extraction, mining, processing, refining, finishing, distribution, transportation, or logistical distribution facilities;
(4) onsite infrastructure improvements;
(5) the construction of new telecommunications, production, manufacturing, fabrication, assembly, extraction, mining, processing, refining, finishing, distribution, transportation, or logistical distribution facilities;
(6) the purchase of retooled or refurbished machinery, and costs associated with retooling existing machinery and equipment;
(7) costs associated with the construction of special purpose buildings and foundations for use in the computer, software, biological sciences, or telecommunications industry;
(8) costs associated with the purchase of machinery, equipment, or special purpose buildings used to make motion pictures or audio productions;
(9) a logistics investment, as described in section 8.5 of this chapter;
(10) the purchase of new:
(A) pollution control and abatement;
(B) energy conservation; or
(C) renewable energy generation;
equipment; and
(11) the purchase of new onsite digital manufacturing equipment;
that are certified by the corporation under this chapter as being eligible for the credit under this chapter.
(b) The term does not include property that can be readily moved outside Indiana.
(c) Notwithstanding subsection (b), the term does include programmable logic controller property.
As added by P.L.224-2003, SEC.197. Amended by P.L.4-2005, SEC.103; P.L.199-2005, SEC.19; P.L.137-2006, SEC.6; P.L.288-2013, SEC.51; P.L.158-2019, SEC.17.