Bill Text: IN SB0441 | 2015 | Regular Session | Engrossed
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Various tax matters. Eliminates the World War I veteran property tax deduction for property taxes imposed for an assessment date after 2015. Provides that the equipment eligible for the double direct sales tax exemption includes material handling equipment purchased for the purpose of transporting materials into production activities from an onsite location. Provides that: (1) the cutting of steel bars into billets; and (2) the felling of trees for further use in production or for sale in the ordinary course of business; is to be treated as processing of tangible personal property for purposes of the double direct sales tax
Spectrum: Bipartisan Bill
Status: (Passed) 2015-05-06 - Public Law 250 [SB0441 Detail]
Download: Indiana-2015-SB0441-Engrossed.pdf
Bill Title: Various tax matters. Eliminates the World War I veteran property tax deduction for property taxes imposed for an assessment date after 2015. Provides that the equipment eligible for the double direct sales tax exemption includes material handling equipment purchased for the purpose of transporting materials into production activities from an onsite location. Provides that: (1) the cutting of steel bars into billets; and (2) the felling of trees for further use in production or for sale in the ordinary course of business; is to be treated as processing of tangible personal property for purposes of the double direct sales tax
Spectrum: Bipartisan Bill
Status: (Passed) 2015-05-06 - Public Law 250 [SB0441 Detail]
Download: Indiana-2015-SB0441-Engrossed.pdf
