Ind. Code § 8-25-3-8 – Purchase of equipment as an operating expense

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.