Indiana Code — Title 6 (Taxation)
IC 6-3.1-11-8
"Placed in service"
Sec. 8. As used in this chapter, "placed in service" means that property is placed in a condition or state of readiness and availability for a specifically assigned function. In the case of a plant comprised of a complex of buildings, the entire plant shall be considered to have been placed in service as of the date that a building was placed in service if the building has floor space that, when aggregated with the floor space of all buildings in the complex placed in service on earlier dates, exceeds fifty percent (50%) of the total floor space of all buildings in the complex.
As added by P.L.379-1987(ss), SEC.11.
Amendment history
As added by P.L.379-1987(ss), SEC.11.
Source: view the official text
Nearby sections (25 sections)
- 6-3.1-10-7 · Carryover of excess credit
- 6-3.1-10-8 · Qualifying for credit; request for determination; findings;
- 6-3.1-10-9 · Claiming credit
- 6-3.1-10-10 · Program expiration; treatment of credit carryovers
- 6-3.1-11-1 · "Applicable percentage"
- 6-3.1-11-2 · Repealed
- 6-3.1-11-2.5 · "Corporation"
- 6-3.1-11-3 · Repealed
- 6-3.1-11-4 · "Floor space"
- 6-3.1-11-5 · "Industrial recovery site"
- 6-3.1-11-6 · Repealed
- 6-3.1-11-7 · Repealed
- 6-3.1-11-8 · "Placed in service"
- 6-3.1-11-9 · "Plant"
- 6-3.1-11-10 · "Qualified investment"
- 6-3.1-11-11 · "Rehabilitation"
- 6-3.1-11-12 · "State tax liability"
- 6-3.1-11-13 · "Taxpayer"
- 6-3.1-11-14 · "Vacant"
- 6-3.1-11-15 · Repealed
- 6-3.1-11-16 · Credit for qualified investment; computation of amount;
- 6-3.1-11-17 · Carryover of excess credit; carryback or refund of unused
- 6-3.1-11-18 · Repealed
- 6-3.1-11-18.5 · Application to enter into agreement with the corporation
- 6-3.1-11-19 · Evaluation of applications; factors considered; additional