{"data":{"id":"us-in/ic-6-1.1-10.3-4","jurisdiction":"us-in","citation":"IC 6-1.1-10.3-4","heading":"\"New personal property\"","body":"Sec. 4. As used in this chapter, \"new personal property\" means business personal property that:\n(1) a taxpayer places in service after the later of the date the exemption ordinance is adopted or a date specified in the exemption ordinance; and\n(2) has not previously been used in Indiana before the taxpayer acquires the business personal property.","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#6-1.1-10.3-4","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-09T01:51:39Z","sha256":"2e96cb71cabed930b6c1dac4161902100efddd9bfa48a07c6054fe620e75cfac","source_id":"us-in","stale":false,"prev":"us-in/ic-6-1.1-10.3-3-version-b","next":"us-in/ic-6-1.1-10.3-5-version-a"},"notice":"GroundRules: Original legal text. Not legal advice."}