{"data":{"id":"us-in/ic-6-1.1-40-4","jurisdiction":"us-in","citation":"IC 6-1.1-40-4","heading":"\"New manufacturing equipment\"","body":"Sec. 4. As used in this chapter, \"new manufacturing equipment\" means any tangible personal property that an applicant for the deduction under section 11 of this chapter:\n(1) installs in a district before July 1, 2018;\n(2) uses in the direct production, manufacture, fabrication, assembly, extraction, mining, processing, refining, or finishing of other tangible personal property;\n(3) acquires in an arms length transaction from an entity that is not an affiliate of the applicant for use as described in subdivision (2); and\n(4) never used for any purpose in Indiana before the installation described in subdivision (1).","path":["TITLE 6. TAXATION","ARTICLE 1.1. PROPERTY TAXES","Chapter 40. Maritime Opportunity Districts"],"source_url":"https://iga.in.gov/ic/2026/Title_6.html#6-1.1-40-4","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-09T01:51:39Z","sha256":"c6008aab1757e19e5c323b548b7994bca89369ed01b0ccf1de86da57333e63b4","source_id":"us-in","stale":false,"prev":"us-in/ic-6-1.1-40-3","next":"us-in/ic-6-1.1-40-5"},"notice":"GroundRules: Original legal text. Not legal advice."}