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Indiana Code Title 6. Taxation § 6-1.1-1-11

Current as of January 01, 2026 | Updated by Findlaw Staff

Sec. 11. (a) Subject to the limitation contained in subsection (b), “personal property” means:

(1) billboards and other advertising devices which are located on real property that is not owned by the owner of the devices;

(2) foundations (other than foundations which support a building or structure) on which machinery or equipment:

(A) held for sale in the ordinary course of a trade or business;

(B) held, used, or consumed in connection with the production of income;  or

(C) held as an investment;

is installed;

(3) all other tangible property (other than real property) which:

(A) is being held as an investment;  or

(B) is depreciable personal property;  and

(4) mobile homes that do not qualify as real property and are not described in subdivision (3).

(b) Personal property does not include the following:

(1) Commercially planted and growing crops while in the ground.

(2) Computer application software.

(3) Inventory.

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Cite this article: FindLaw.com - Indiana Code Title 6. Taxation § 6-1.1-1-11 - last updated January 01, 2026 | https://codes.findlaw.com/in/title-6-taxation/in-code-sect-6-1-1-1-11/

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