Indiana § 6-1.1-40-4 "New manufacturing equipment"

Indiana Statutes

§ 6-1.1-40-4 — "New manufacturing equipment"

Indiana § 6-1.1-40-4

Art. 1.1PROPERTY TAXES

Ch. 40Maritime Opportunity Districts

This text of Indiana § 6-1.1-40-4 ("New manufacturing equipment") is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 6-1.1-40-4 (2026).

Text

As used in this chapter, "new manufacturing equipment" means any tangible personal property that an applicant for the deduction under section 11 of this chapter:

(1)installs in a district before July 1, 2018;

(2)uses in the direct production, manufacture, fabrication, assembly, extraction, mining, processing, refining, or finishing of other tangible personal property;

(3)acquires in an arms length transaction from an entity that is not an affiliate of the applicant for use as described in subdivision

(2); and

(4)never used for any purpose in Indiana before the installation described in subdivision (1).

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As used in this chapter, "new manufacturing
equipment" means any tangible personal property that an applicant for
the deduction under section 11 of this chapter:
(1) installs in a district before July 1, 2018;
(2) uses in the direct production, manufacture, fabrication,
assembly, extraction, mining, processing, refining, or finishing of
other tangible personal property;
(3) acquires in an arms length transaction from an entity that is
not an affiliate of the applicant for use as described in subdivision
(2); and
(4) never used for any purpose in Indiana before the installation
described in subdivision (1).