Ind. Code § 6-1.1-8.2-1
"Qualified expenditures" defined
Redline — January 1, 2018 → current.View current text →
Current — January 1, 2023
As of January 1, 2018
Sec. 1. (a) As used in this chapter, "qualified expenditures" means expenditures made by a taxpayer during a particular calendar year on the maintenance or improvement in Indiana of railroad cars owned or used by the taxpayer.
Sec. 1. (a) As used in this chapter, "qualified expenditures" means expenditures made by a taxpayer during a particular calendar year on the maintenance or improvement in Indiana of railcars owned or used by the taxpayer.
(b) The term includes, but is not limited to, the following:
(b) The term includes, but is not limited to, the following:
(1) Expenses for: (A) labor; (B) materials; or (C) overhead; that are incurred by a taxpayer in the maintenance or improvement of a railroad car owned or used by the taxpayer.
(1) Expenses for: (A) labor; (B) materials; or (C) overhead; that are incurred by a taxpayer in the maintenance or improvement of a railcar owned or used by the taxpayer.
(2) Payments made by a taxpayer to others for the purpose of performing the maintenance or improvement of a railroad car.
(2) Payments made by a taxpayer to others for the purpose of performing the maintenance or improvement of a railcar.
Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.