Sec. 16. A grant awarded under this chapter does not reduce the basis of the qualified property for purposes of determining any gain or loss on the property when the grant recipient disposes of the property.
As added by P.L.151-2009, SEC.1.
Structure Indiana Code
Title 4. State Offices and Administration
Article 4. Lieutenant Governor
Chapter 32.2. Alternative Fuel Fueling Station Grant Program
4-4-32.2-1. "Alternative Fuel"
4-4-32.2-2. "Alternative Fuel Compatible"
4-4-32.2-8. "Qualified Investment"
4-4-32.2-11. Office Determines Amount of Grant; Limit on Amount
4-4-32.2-12. Administrative Responsibilities of the Office
4-4-32.2-13. Limit on Total Grants Awarded for All Fiscal Years
4-4-32.2-15. Grant Not Subject to State Adjusted Gross Income Tax
4-4-32.2-16. Grant Does Not Reduce Basis of Qualified Property