Authority: IC 6-1.1-31-1

Affected: IC 6-1.1-1-11; IC 6-1.1-2-7

Sec. 1.1. (a) Inventory is not subject to assessment and taxation under IC 6-1.1 pursuant to IC 6-1.1-2-7.

(b) Inventory is not personal property pursuant to IC 6-1.1-1-11.

(Department of Local Government Finance; 50 IAC 4.2-5-1.1; filed Feb 26, 2010, 2:43 p.m.: 20100324-IR-050090576FRA; readopted filed Oct 21, 2025, 9:19 a.m.: 20251112-IR-050240632RFA)