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Indiana Code — Title 6 (Taxation)

IC 6-1.1-40-4

"New manufacturing equipment"

Official textiga.in.govlast amended

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:

# (1)

installs in a district before July 1, 2018;

# (2)

uses in the direct production, manufacture, fabrication, assembly, extraction, mining, processing, refining, or finishing of other tangible personal 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.

Amendment history

As added by P.L.62-1988, SEC.1. Amended by P.L.154-2006, SEC.58; P.L.212-2018(ss), SEC.14.

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Nearby sections (25 sections)
  1. 6-1.1-39-4 · Appellate procedure; grounds; burden of proof
  2. 6-1.1-39-5 · Allocation and distribution of property taxes; assessed…
  3. 6-1.1-39-5.7 · Limitation on renewal or extension of existing…
  4. 6-1.1-39-6 · Enlargement of districts
  5. 6-1.1-39-7 · Allocation areas; declaration as part of district…
  6. 6-1.1-39-8 · Expiration of district designation
  7. 6-1.1-39-9 · Industrial development program obligations; ordinance;
  8. 6-1.1-39-10 · Authorization to enter into an agreement with a taxpayer…
  9. 6-1.1-40-1 · "Commission"
  10. 6-1.1-40-1.5 · "Affiliate"
  11. 6-1.1-40-2 · "District"
  12. 6-1.1-40-3 · Repealed
  13. 6-1.1-40-4 · "New manufacturing equipment"
  14. 6-1.1-40-5 · "Redevelopment"
  15. 6-1.1-40-6 · "Rehabilitation"
  16. 6-1.1-40-7 · Designation as district
  17. 6-1.1-40-8 · Description of district; resolution; remonstrance; appeal
  18. 6-1.1-40-9 · Manufacturing equipment; statement of benefits; review;
  19. 6-1.1-40-10 · Deduction for manufacturing equipment
  20. 6-1.1-40-11 · Application for deduction; review; change of ownership
  21. 6-1.1-40-12 · Additional application information; compliance with…
  22. 6-1.1-40-13 · Benefit performance waiver certificate
  23. 6-1.1-40-14 · Correction of deduction errors
  24. 6-1.1-40-15 · Expiration of chapter
  25. 6-1.1-41-1 · Application of chapter
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