Exemptions

# (1)

The rentee is:

# (A)

the United States government;

# (B)

the state;

# (C)

a political subdivision (as defined in IC 36-1-2-13); or

# (D)

an agency or instrumentality of an entity described in clauses (A) through (C).

# (2)

The transaction is a subrent of the heavy rental equipment from a rentee to another person, and the rentee was liable for the tax imposed under this chapter.

# (3)

The heavy rental equipment is rented for mining purposes or would be eligible for a property tax abatement deduction under IC 6-1.1-12.1 during the calendar year if the rentee was considered the owner of the equipment for income tax purposes or property tax purposes.

(b) A rentee asserting an exemption under subsection (a) shall complete the form prescribed by the department and the retail merchant may rely on the completed form.
As added by P.L.188-2018, SEC.3. Amended by P.L.234-2019, SEC.27.