Statutes, codes, and regulations
Indiana Administrative Code
Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCEArticle 10 - ECONOMIC REVITALIZATION AREA DEDUCTION; MARITIME OPPORTUNITY DISTRICT DEDUCTION
Rule 50 IAC 10-1 - Definitions
Section 50 IAC 10-1-4 - "Other tangible personal property" or "tangible personal property" defined

50 Ind. Admin. Code 10-1-4

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Current through November 6, 2024
Section 50 IAC 10-1-4 - "Other tangible personal property" or "tangible personal property" defined

Authority: IC 6-1.1-12.1-13; IC 6-1.1-31-1

Affected: IC 6-1.1-1-11; IC 6-1.1-12.1

Sec. 4.

(a) "Other tangible personal property" or "tangible personal property" means goods or items of personal property that are the end product of the production process. A processed end product must be substantially different from the component materials used.
(b) Tangible personal property includes energy, if that energy results from the conversion of a solid waste or the conversion of a hazardous waste.

50 IAC 10-1-4

Department of Local Government Finance; 50 IAC 10-1-4; filed Feb 8, 1996, 5:30 p.m.: 19 IR 1295
Filed 11/2/2020, 9:34 a.m.: 20201202-IR-050190636FRA