"Tangible personal property"
Applied in 1 court decision — leading case Indiana Department of State Revenue v. AOL, LLC (2012)
Most recently applied in Indiana Department of State Revenue v. AOL, LLC (March 2012)
As added by P.L.257-2003, SEC.18.
Sec. 27. "Tangible personal property" means personal property that:
(1) can be seen, weighed, measured, felt, or touched; or
(2) is in any other manner perceptible to the senses.
The term includes electricity, water, gas, steam, and prewritten computer software.
Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.