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Indiana Code Title 6. Taxation § 6-1.1-12.7-3

Current as of January 02, 2024 | Updated by FindLaw Staff

Sec. 3. As used in this chapter, “qualified personal property” means personal property that is:

(1) assessed for the first time after December 31, 2010;

(2) located within a certified technology park;

(3) primarily used to conduct high technology activity; and

(4) not part of the assessed value for which a personal property tax allocation has been made for the payment of the principal of and interest on bonds or lease rentals under IC 5-28-26, IC 6-1.1-39, IC 8-22-3.5, IC 36-7-14, IC 36-7-14.5, IC 36-7-15.1, IC 36-7-30, IC 36-7-30.5, or IC 36-7-32.

The term does not include personal property that is used primarily for routine administrative purposes such as office communications, accounting, record keeping, and human resources.

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Cite this article: FindLaw.com - Indiana Code Title 6. Taxation § 6-1.1-12.7-3 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-6-taxation/in-code-sect-6-1-1-12-7-3/

Read this complete Indiana Code Title 6. Taxation § 6-1.1-12.7-3 on Westlaw. Westlaw subscription required.

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