Indiana Administrative Code
Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCE
Article 10 - ECONOMIC REVITALIZATION AREA DEDUCTION; MARITIME OPPORTUNITY DISTRICT DEDUCTION
Rule 3 - Filing Procedures
Section 3-3 - Leased property
Universal Citation: 50 IN Admin Code 3-3
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
Sec. 3.
(a) The claim for deduction for new eligible equipment subject to a capital lease, as defined in 50 IAC 4.2-8-2(b), shall be made by the lessee.
(b) The claim for deduction for new eligible equipment subject to an operating lease, as defined in 50 IAC 4.2-8-2 (c), shall be made by the lessor.
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