Indiana Administrative Code
Title 45 - DEPARTMENT OF STATE REVENUE
Article 2.2 - SALES AND USE TAX
Rule 5 - Exempt Transactions of a Retail Merchant
Section 5-47 - School building materials
Universal Citation: 45 IN Admin Code 5-47
Current through September 18, 2024
Authority: IC 6-8.1-3-3
Affected: IC 6-2.5; IC 20-47-2; IC 20-47-3
Sec. 47.
The state gross retail tax shall not apply to sales of tangible personal property incorporated or to be incorporated in a school building or school buildings being constructed by a lessor corporation in accordance with a lease executed under IC 21-5-11[IC 21-5 was repealed by P.L. 2-2006, SECTION 199, effective July 1, 2006. See IC 20-47-2.] (School Building Leasing) or IC 21-5-12[IC 21-5 was repealed by P.L. 2-2006, SECTION 199, effective July 1, 2006. See IC 20-47-3.] (School Corps. Authorized to Lease School Buildings).
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