Section 45 IAC 12-1-11 - "Taxable marine facility" definedAuthority: IC 6-8.1-3-3
Affected: IC 6-6-1.1-103
Sec. 11.
(a) For purposes of IC 6-6-1.1, "taxable marine facility" means a boat livery located on an Indiana lake.(b) For purposes of IC 6-6-1.1, an Indiana lake is an inland body or pool of standing or placid water, located wholly within the state of Indiana, formed either through natural processes or created artificially in whole or in part by manmade structures, including all flood control and water storage reservoirs, and may or may not be characterized by inlet and outlet streams.(c) The landward limit of lakes is defined by the intersection of the water surface of the lake with the surrounding land and with the bed of inlet streams, whenever the water surface is at the established legal level or average normal level of natural lakes, or at the highest normal operating level of artificial lakes.Department of State Revenue; Reg 6-6-1.1-103 k (010); filed Sep 19, 1983, 2:23 pm: 6 IR 2312Filed 12/12/2023, 2:27 p.m.: 20240110-IR-045230448FRA