Indiana Statutes

§ 6-2.5-5-40 — Research and development property

Indiana § 6-2.5-5-40
JurisdictionIndiana
Art. 2.5STATE GROSS RETAIL AND USE TAXES
Ch. 5Exempt Transactions of Retail Merchant

This text of Indiana § 6-2.5-5-40 (Research and development property) 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 § 6-2.5-5-40 (2026).

Text

(a)As used in this section, "research and development activities" includes design, refinement, and testing of prototypes of new or improved commercial products before sales have begun for the purpose of determining facts, theories, or principles, or for the purpose of increasing scientific knowledge that may lead to new or enhanced products. The term does not include any of the following:
(1)Efficiency surveys.
(2)Management studies.
(3)Consumer surveys.
(4)Economic surveys.
(5)Advertising or promotions.
(6)Research in connection with nontechnical activities, including literary, historical, social sciences, economics, humanities, psychology, or similar projects.
(7)Testing for purposes of quality control.
(8)Market and sales research.
(9)Product market testing, including product

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Legislative History

As added by P.L.193-2005, SEC.10. Amended by P.L.288-2013, SEC.29; P.L.242-2015, SEC.11; P.L.86-2018, SEC.68.

Nearby Sections

15
§ 6-1.1-1-1
Applicability
§ 6-1.1-1-1.5
"Assessing official"
§ 6-1.1-1-10
"Person"
§ 6-1.1-1-11
"Personal property"
§ 6-1.1-1-13
Repealed
§ 6-1.1-1-14
"Property taxation"
§ 6-1.1-1-15
"Real property"
§ 6-1.1-1-18
"State agency"
§ 6-1.1-1-19
"Tangible property"
§ 6-1.1-1-2
"Assessment date"
§ 6-1.1-1-20
"Taxing district"
§ 6-1.1-1-21
"Taxing unit"
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Bluebook (online)
Indiana § 6-2.5-5-40, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/6-2.5-5-40.