Indiana Administrative Code
Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCE
Article 10 - ECONOMIC REVITALIZATION AREA DEDUCTION; MARITIME OPPORTUNITY DISTRICT DEDUCTION
Rule 1 - Definitions
Section 1-6.5 - "Qualifying research and development equipment" defined
Current through September 18, 2024
Authority: IC 6-1.1-12.1-13; IC 6-1.1-31-1
Affected: IC 6-1.1-12.1-1; IC 6-1.1-35-9
Sec. 6.5.
"Qualifying research and development equipment" means new research and development equipment as defined under IC 6-1.1-12.1-1(12), and properly documented as required by this section. Each item, or group of like items, must be individually identified and itemized as one (1) of the following:
(1) Laboratory equipment.
(2) Research and development equipment.
(3) Computer and computer software.
(4) Telecommunications equipment.
(5) Testing equipment.
Each item or group of like items must be identified as being devoted to a specified research and development activity. As used in this subsection, "research and development activity" means an activity that can be demonstrated, under commonly recognized industry practices, as being related to the research and development, testing, or improvement of a new or existing product. The documentation required by this subsection may be supported by academic industry literature, internal company documents, or data (including confidential information submitted under IC 6-1.1-35-9 ), or any Indiana or United States statute, rule, or regulation that relates to research and development or the taxation of research and development equipment or activities.
