Ind. Code § 24-5-16.5-1

Current through P.L. 171-2024
Section 24-5-16.5-1 - "Adjusted or net capitalized cost"

As used in this chapter, "adjusted or net capitalized cost" means the capitalized cost, less any capitalized cost reduction payments made by a retail lessee at the inception of a lease agreement. The adjusted or net capitalized cost is the basis for calculating the amount of a retail lessee's periodic payment under a lease agreement.

IC 24-5-16.5-1

Added by P.L. 151-2015, SEC. 80, eff. 7/1/2015.