Indiana Statutes

§ 8-25-3-8 — Purchase of equipment as an operating expense

Indiana·Art. 25 CENTRAL INDIANA PUBLIC·Ch. 3 Funding for Central Indiana Public Transportation
For purposes of this chapter, IC 36-9-2-2(b), and IC 36-9-4-58(b), the purchase of equipment or other personal property is considered an operating expense if the equipment or other personal property has a useful life of less than three (3) years.

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Legislative History

As added by P.L.153-2014, SEC.17.

Nearby Sections

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