Sec. 4. As used in this chapter, "new personal property" means business personal property that:
(1) a taxpayer places in service after the later of the date the exemption ordinance is adopted or a date specified in the exemption ordinance; and
(2) has not previously been used in Indiana before the taxpayer acquires the business personal property.
As added by P.L.80-2014, SEC.2.
Structure Indiana Code
Chapter 10.3. County Option Exemption of Business Personal Property
6-1.1-10.3-1. "Business Personal Property"
6-1.1-10.3-2. "Local Income Tax Council"
6-1.1-10.3-3. "Exemption Ordinance"
6-1.1-10.3-4. "New Personal Property"
6-1.1-10.3-5. Adoption of Exemption Ordinance by Local Income Tax Council
6-1.1-10.3-6. Application of Exemption Ordinance to All New Personal Property