{"data":{"id":"us-in/ic-6-1.1-10.3-1","jurisdiction":"us-in","citation":"IC 6-1.1-10.3-1","heading":"\"Business personal property\"","body":"Sec. 1. As used in this chapter, \"business personal property\" means personal property that:\n(1) is otherwise subject to assessment and taxation under this article; and\n(2) is used in a trade or business or otherwise held, used, or consumed in connection with the production of income.\nThe term does not include mobile homes assessed under IC 6-1.1-7, personal property held as an investment, or personal property that is assessed under IC 6-1.1-8 and is owned by a public utility subject to regulation by the Indiana utility regulatory commission. However, the term does include the personal property of a telephone company or a communications service provider if that personal property meets the requirements of subdivisions (1) through (2), regardless of whether that personal property is assessed under IC 6-1.1-8 and regardless of whether the telephone company or communications service provider is subject to regulation by the Indiana utility regulatory commission.","path":["TITLE 6. TAXATION","ARTICLE 1.1. PROPERTY TAXES","Chapter 10.3. County Option Exemption of Business Personal Property"],"source_url":"https://iga.in.gov/ic/2026/Title_6.html#6-1.1-10.3-1","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-09T01:51:39Z","sha256":"6aa1fe0b32794eb540e3127c6b43b4fadc0b917e4d8314860d6dec67b7315c9d","source_id":"us-in","stale":false,"prev":"us-in/ic-6-1.1-10.2-3","next":"us-in/ic-6-1.1-10.3-2-version-a"},"notice":"GroundRules: Original legal text. Not legal advice."}