{"data":{"id":"us-in/ic-8-25-3-8","jurisdiction":"us-in","citation":"IC 8-25-3-8","heading":"Purchase of equipment as an operating expense","body":"Sec. 8. For purposes of this chapter, IC 36-9-2-2(b), and IC 36-9-4-58(b), the purchase of equipment or other personal property is considered an operating expense if the equipment or other personal property has a useful life of less than three (3) years.","path":["TITLE 8. UTILITIES AND TRANSPORTATION","ARTICLE 25. CENTRAL INDIANA PUBLIC TRANSPORTATION PROJECTS","Chapter 3. Funding for Central Indiana Public Transportation Projects"],"source_url":"https://iga.in.gov/ic/2026/Title_8.html#8-25-3-8","current_through":"2026","vintage":"2026","retrieved_at":"2026-10-04T20:08:46Z","sha256":"68fac4027c7a3b4807d0e0f1bd59050d578b4aebaf1266a1b70747d6ca239859","source_id":"us-in","stale":false,"prev":"us-in/ic-8-25-3-7","next":"us-in/ic-8-25-4-1"},"notice":"GroundRules: Original legal text. Not legal advice."}