Indiana Code
Chapter 10.3. County Option Exemption of Business Personal Property
6-1.1-10.3-1. "Business Personal Property"

Sec. 1. As used in this chapter, "business personal property" means personal property that:
(1) is otherwise subject to assessment and taxation under this article; and
(2) is used in a trade or business or otherwise held, used, or consumed in connection with the production of income.
The term does not include mobile homes assessed under IC 6-1.1-7, personal property held as an investment, or personal property that is assessed under IC 6-1.1-8 and is owned by a public utility subject to regulation by the Indiana utility regulatory commission. However, the term does include the personal property of a telephone company or a communications service provider if that personal property meets the requirements of subdivisions (1) through (2), regardless of whether that personal property is assessed under IC 6-1.1-8 and regardless of whether the telephone company or communications service provider is subject to regulation by the Indiana utility regulatory commission.
As added by P.L.80-2014, SEC.2.

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