Partnertax.ai
Start free trial →

Indiana Code — Title 6 (Taxation)

IC 6-1.1-10.3-1

"Business personal property"

Official textiga.in.govlast amended

Sec. 1. As used in this chapter, "business personal property" means personal property that:

# (1)

is otherwise subject to assessment and taxation under this article; and

# (2)

is used in a trade or business or otherwise held, used, or consumed in connection with the production of income.
The term does not include mobile homes assessed under IC 6-1.1-7, personal property held as an investment, or personal property that is assessed under IC 6-1.1-8 and is owned by a public utility subject to regulation by the Indiana utility regulatory commission. However, the term does include the personal property of a telephone company or a communications service provider if that personal property meets the requirements of subdivisions (1) through (2), regardless of whether that personal property is assessed under IC 6-1.1-8 and regardless of whether the telephone company or communications service provider is subject to regulation by the Indiana utility regulatory commission.
As added by P.L.80-2014, SEC.2.

Amendment history

As added by P.L.80-2014, SEC.2.

Source: view the official text

Report a problem

What's wrong?

Sent anonymously with this page's citation. No personal information is collected.
Nearby sections (25 sections)
  1. 6-1.1-10-41 · Exempt property purchased under contract of sale by person
  2. 6-1.1-10-42 · Small business incubator program
  3. 6-1.1-10-43 · Repealed
  4. 6-1.1-10-44 · Enterprise information technology equipment
  5. 6-1.1-10-45 · Indiana department of transportation signage
  6. 6-1.1-10-46 · Property tax exemption; for profit early childhood…
  7. 6-1.1-10-47 · Property tax exemption; certain federally-qualified health
  8. 6-1.1-10-48 · Property tax exemption; nonprofit health, fitness,…
  9. 6-1.1-10-49 · Property tax exemption; transportation facility
  10. 6-1.1-10-50 · Property tax exemption; property located in an innovation
  11. 6-1.1-10-51 · Property tax exemption; property used for child care of
  12. 6-1.1-10-54 · "Designating body"
  13. 6-1.1-10.3-1 · "Business personal property"
  14. 6-1.1-10.3-2 · "Local income tax council"
  15. 6-1.1-10.3-3 · "Exemption ordinance"
  16. 6-1.1-10.3-4 · "New personal property"
  17. 6-1.1-10.3-5 · Adoption of exemption ordinance by local income tax…
  18. 6-1.1-10.3-6 · Application of exemption ordinance to all new personal
  19. 6-1.1-10.3-7 · Repeal or amendment of exemption ordinance
  20. 6-1.1-10.3-8 · Application not required
  21. 6-1.1-10.5-1 · Application of chapter
  22. 6-1.1-10.5-2 · "County fiscal body"
  23. 6-1.1-10.5-3 · "Exemption ordinance"
  24. 6-1.1-10.5-4 · "Manufactured home"
  25. 6-1.1-10.5-5 · "Mobile home"
Full table of contents →