Rolling stock

Official textiga.in.govlast amended 1997

Sec. 27.5. (a) For purposes of this section, "rolling stock" means rail transportation equipment, including locomotives, box cars, flatbed cars, hopper cars, tank cars, and freight cars of any type or class.

(b) Transactions involving the following tangible personal property are exempt from the gross retail tax:

# (1)

Rolling stock that is purchased or leased by a person.

# (2)

All spare, replacement, and rebuilding parts or accessories, components, materials, or supplies, including lubricants and fuels, for rolling stock described in subdivision (1).
As added by P.L.61-1997, SEC.2.

Amendment history

As added by P.L.61-1997, SEC.2.

Source: view the official text

Nearby sections (25 sections)

6-2.5-5-18 · Drugs, medical equipment, supplies, and devices;…
6-2.5-5-19 · Drugs, insulin, oxygen, blood, or blood plasma;…
6-2.5-5-19.5 · Drugs; insulin; oxygen; blood glucose monitoring supply;
6-2.5-5-20 · "Food and food ingredients for human consumption"
6-2.5-5-21 · Exemption; sales of food and food ingredients by nonprofit
6-2.5-5-21.5 · Repealed
6-2.5-5-22 · Exemption; sales of meals; schools; fraternities;…
6-2.5-5-23 · School building materials
6-2.5-5-24 · Exemption; sales to the United States government;…
6-2.5-5-25 · Exemption; nonprofit organizations; uses to carry on its
6-2.5-5-26 · Nonprofit organizations; less than $100,000 in sales; sale…
6-2.5-5-27 · Exemptions for property and services used for public
6-2.5-5-27.5 · Rolling stock
6-2.5-5-28 · Repealed
6-2.5-5-29 · Manufactured homes; industrialized residential structures
6-2.5-5-30 · Environmental quality compliance; manufacturing, mining,
6-2.5-5-31 · Free distribution newspaper; related transactions
6-2.5-5-33 · Tangible personal property purchased with food stamps
6-2.5-5-34 · Sale of lottery tickets; gross retail tax
6-2.5-5-35 · Tangible personal property transactions
6-2.5-5-36 · Commercial printing contracts
6-2.5-5-37 · Professional motor racing vehicle parts exemption;…
6-2.5-5-38 · Repealed
6-2.5-5-38.1 · Qualified computer equipment sales
6-3.1-15-10 · (as in effect on January 1, 2012).

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