Indiana § 6-2.5-5-56 Transportation facility

Indiana Statutes

§ 6-2.5-5-56 — Transportation facility

Indiana § 6-2.5-5-56

Art. 2.5STATE GROSS RETAIL AND USE TAXES

Ch. 5Exempt Transactions of Retail Merchant

This text of Indiana § 6-2.5-5-56 (Transportation facility) 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 § 6-2.5-5-56 (2026).

Text

(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.

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(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.