§ 6-3.1-26-8.5 — "Logistics investment"

Indiana § 6-3.1-26-8.5

• Jurisdiction: Indiana
• Art. 3.1: STATE TAX LIABILITY CREDITS
• Ch. 26: Hoosier Business Investment Tax Credit

Text

5. For purposes of this chapter, a "logistics
investment" means an expenditure for one (1) or more of the following
purposes:
(1) Making an improvement to real property located in Indiana
that is related to constructing a new, or modernizing an existing,
transportation or logistical distribution facility.
(2) Improving the transportation of goods on Indiana highways,
limited to the following:
(A) Upgrading terminal facilities that serve tractors (as defined
in IC 9-13-2-180) and semitrailers (as defined in IC 9-13-2-164).
(B) Improving paved access to terminal facilities.
(C) Adding new maintenance areas.
(D) Purchasing new shop equipment having a useful life of at
least five (5) years, such as diagnostic equipment, oil delivery
systems, air compressors, and truck lifts.
(3) Improving the transportation of goods by rail, limited to the
following:
(A) Upgrading or building mainline, secondary, yard, and spur
trackage.
(B) Upgrading or replacing bridges to obtain higher load
bearing capability.
(C) Upgrading or replacing grade crossings to increase
visibility for motorists, including improvements to roadway
surfaces, signage and traffic signals, and signal system
upgrades and replacements to meet Federal Railroad
Administration Positive Train Control regulations.
(D) Upgrading fueling facilities, including upgrading fueling
and sanding locomotives or tanks, pumps, piping, containment
areas, track pans, lighting, and security.
(E) Upgrading team track facilities, including railroad owned
warehouses, loading docks, and transfer stations for loading and
unloading freight.
(F) Upgrading shop facilities, including upgrading structures,
inspection pits, drop pits, cranes, employee fall protection,
lighting, climate control, and break rooms.
(G) Upgrading or building passing lines or automated switches
on a rail line.
(4) Improving the transportation of goods by water, limited to the
following:
(A) Upgrading or replacing a permanent waterside dock.
(B) Upgrading or building a new terminal facility that serves
waterborne transportation.
(C) Improving paved access to a waterborne terminal facility.
(D) Purchasing new equipment having a useful life of at least
five (5) years, including diagnostic equipment, an oil delivery
system, an air compressor, or a barge lift.
(5) Improving the transportation of goods by air, limited to the
following:
(A) Upgrading or building a new cargo building, apron, hangar,
warehouse facility, freight forwarding facility, cross-dock
distribution facility, or aircraft maintenance facility.
(B) Improving paved access to a terminal or cargo facility.
(C) Upgrading a fueling facility.
(6) Improving warehousing and logistical capabilities, limited to
the following:
(A) Upgrading warehousing facilities, including upgrading
loading dock doors and loading dock plates, fueling equipment,
fueling installations, or dolly drop pads for trailers.
(B) Improving logistical distribution by purchasing new
equipment, limited to the following:
(i) Picking modules (systems of racks, conveyors, and
controllers).
(ii) Racking equipment.
(iii) Warehouse management systems, including scanning or
coding equipment.
(iv) Security equipment.
(v) Temperature control and monitoring equipment.
(vi) Dock levelers and pallet levelers and inverters.
(vii) Conveyors and related controllers, scales, and like
equipment.
(viii) Packaging equipment.
(ix) Moving, separating, sorting, and picking equipment.
A logistics investment does not include an expenditure for maintenance
expenses.

Legislative History

As added by P.L.288-2013, SEC.52. Amended by P.L.250-2015, SEC.31.