Indiana Code 6-1.1-10.3-4. “New personal property”

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

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business personal property: means personal property that:
Indiana Code 6-1.1-10.3-1
exemption ordinance: refers to an ordinance adopted under section 5 of this chapter by a local income tax council. See Indiana Code 6-1.1-10.3-3

(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.