Indiana Administrative Code
Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCE
Article 10 - ECONOMIC REVITALIZATION AREA DEDUCTION; MARITIME OPPORTUNITY DISTRICT DEDUCTION
Rule 1 - Definitions
Section 1-4 - "Other tangible personal property" or "tangible personal property" defined
Universal Citation: 50 IN Admin Code 1-4
Current through September 18, 2024
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.
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