Transportation facility

Official textiga.in.govlast amended 2022

Sec. 56. (a) Transactions involving tangible personal property are exempt from the state gross retail tax if the person acquiring the property acquires it for incorporation into a transportation facility (as defined in IC 5-23-2-17) under a:

# (1)

public-private agreement executed in accordance with IC 5-23-8-1(a); or

# (2)

development agreement executed in accordance with IC 5-23-8-1(b).

(b) The exemption described in subsection (a) shall not apply to the extent that the

applicable public-private agreement or development agreement is entered into before January
1, 2023.
As added by P.L.57-2022, SEC.11.

Amendment history

As added by P.L.57-2022, SEC.11.

Source: view the official text

Nearby sections (25 sections)

6-2.5-5-45.8 · Recycling and recycling materials
6-2.5-5-46 · Aircraft repair and maintenance
6-2.5-5-47 · Coins, bullion, and legal tender
6-2.5-5-48 · Drainage water management system
6-2.5-5-49 · Aviation fuel
6-2.5-5-49.5 · Expired
6-2.5-5-50 · Required product labels
6-2.5-5-51 · Special fuel
6-2.5-5-52 · Hot mix asphalt plant equipment; trucks; pavers
6-2.5-5-53 · Special rule for renting or furnishing rooms, lodging, or…
6-2.5-5-54 · Special rule for sharing of a passenger motor vehicle for…
6-2.5-5-55 · "Public safety equipment and materials"; exemption
6-2.5-5-56 · Transportation facility
6-2.5-5-57 · Children's diapers
6-2.5-5-58 · Agricultural commodities
6-2.5-6-0.3 · Effect of multiple amendments to section 9 of this chapter
6-2.5-6-1 · Returns; reporting period; online tax filing; streamlined…
6-2.5-6-2 · Accounting for tax receipts; option to use accrual basis
6-2.5-6-3 · Consolidated filing
6-2.5-6-4 · Periodic deposits of collections during reporting period
6-2.5-6-5 · Final return and payment
6-2.5-6-6 · Repealed
6-2.5-6-7 · Retail merchant; calculation of tax liability
6-2.5-6-8 · Tax liability; income exclusion ratio
6-2.5-6-9 · Uncollectible receivables; deduction

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