50 Ind. Admin. Code 10-3-3

Current through January 8, 2025

Section 50 IAC 10-3-3 - Leased property

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.

50 IAC 10-3-3

Department of Local Government Finance; 50 IAC 10-3-3; filed Feb 8, 1996, 5:30 p.m.: 19 IR 1298; filed Dec 21, 2000, 2:11 p.m.: 24 IR 1307

Filed 11/2/2020, 9:34 a.m.: 20201202-IR-050190636FRA