IC 8-25-3-8 — Purchase of equipment as an operating expense
Chapter 3. Funding for Central Indiana Public Transportation Projects
Section text
Sec. 8. 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.
As added by P.L.153-2014, SEC.17.
Source: official publisher (2026 edition)