{"data":{"id":"us-in/ic-6-1.1-1-11","jurisdiction":"us-in","citation":"IC 6-1.1-1-11","heading":"\"Personal property\"","body":"Sec. 11. (a) Subject to the limitation contained in subsection (b), \"personal property\" means:\n(1) billboards and other advertising devices which are located on real property that is not owned by the owner of the devices;\n(2) foundations (other than foundations which support a building or structure) on which machinery or equipment:\n(A) held for sale in the ordinary course of a trade or business;\n(B) held, used, or consumed in connection with the production of income; or\n(C) held as an investment;\nis installed;\n(3) all other tangible property (other than real property) which:\n(A) is being held as an investment; or\n(B) is depreciable personal property; and\n(4) mobile homes that do not qualify as real property and are not described in subdivision (3).\n(b) Personal property does not include the following:\n(1) Commercially planted and growing crops while in the ground.\n(2) Computer application software.\n(3) Inventory.","path":["TITLE 6. TAXATION","ARTICLE 1.1. PROPERTY TAXES","Chapter 1. General Definitions and Rules of Construction"],"source_url":"https://iga.in.gov/ic/2026/Title_6.html#6-1.1-1-11","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-09T01:51:39Z","sha256":"d33602d65901627257ed6b19fee42f8f752b5f3d14831d69c007f246c03547d2","source_id":"us-in","stale":false,"prev":"us-in/ic-6-1.1-1-10","next":"us-in/ic-6-1.1-1-12"},"notice":"GroundRules: Original legal text. Not legal advice."}