Indiana Code — Title 6 (Taxation)
IC 6-2.5-5-1
Animals, feed, seed, and chemicals; race horse in a claiming
race
Sec. 1. (a) Transactions involving animals, feed, seed, plants, fertilizer, pesticides, fungicides, and other tangible personal property are exempt from the state gross retail tax if:
# (1)
the person acquiring the property acquires it for the person's direct use in the direct production of food and food ingredients or commodities for sale or for further use in the production of food and food ingredients or commodities for sale; and
# (2)
the person acquiring the property is occupationally engaged in the production of food and food ingredients or commodities which the person sells for human or animal consumption or uses for further food and food ingredient or commodity production.
(b) A transaction involving the sale of a race horse in a claiming race (as defined by
IC 4-31-2.1-8) is exempt from the state gross retail tax.
As added by Acts 1980, P.L.52, SEC.1. Amended by P.L.257-2003, SEC.21; P.L.239-2017,
SEC.3; P.L.268-2017, SEC.39; P.L.86-2018, SEC.67; P.L.105-2022, SEC.8.
Amendment history
As added by Acts 1980, P.L.52, SEC.1. Amended by P.L.257-2003, SEC.21; P.L.239-2017, SEC.3; P.L.268-2017, SEC.39; P.L.86-2018, SEC.67; P.L.105-2022, SEC.8.
Source: view the official text
Nearby sections (25 sections)
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- 6-2.5-4-16.4 · Specified digital products
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- 6-2.5-5-0.4 · Intent of general assembly adding section 36 of this…
- 6-2.5-5-1 · Animals, feed, seed, and chemicals; race horse in a claiming
- 6-2.5-5-2 · Agricultural machinery, tools, and equipment; scope of
- 6-2.5-5-3 · Exemption; acquisition for direct use in direct production
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- 6-2.5-5-5 · Repealed
- 6-2.5-5-5.1 · Exemption; acquisition for direct consumption in direct
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- 6-2.5-5-7 · Materials used in construction business, public street, or…
- 6-2.5-5-8 · "New motor vehicle"; property acquired for resale, rental,…
- 6-2.5-5-8.2 · Aircraft acquired for rental or leasing in the ordinary…
- 6-2.5-5-8.5 · Power subsidiary; public utility
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