Statutes, codes, and regulations
Indiana Code
Title 8 - UTILITIES AND TRANSPORTATIONArticle 25 - CENTRAL INDIANA PUBLIC TRANSPORTATION PROJECTS
Chapter 3 - FUNDING FOR CENTRAL INDIANA PUBLIC TRANSPORTATION PROJECTS
Section 8-25-3-8 - Purchase of equipment as an operating expense

Ind. Code § 8-25-3-8

Download
PDF
Current through P.L. 171-2024
Section 8-25-3-8 - Purchase of equipment as an operating expense

For purposes of this chapter, IC 36-9-2-2(b), and IC 36-9-4-58(b), the purchase of equipment or other personal property is considered an operating expense if the equipment or other personal property has a useful life of less than three (3) years.

IC 8-25-3-8

Added by P.L. 153-2014, SEC. 17, eff. 7/1/2014.