Rolling stock
Sec. 27.5. (a) For purposes of this section, "rolling stock" means
rail transportation equipment, including locomotives, box cars,
flatbed cars, hopper cars, tank cars, and freight cars of any type or
class.
(b) Transactions involving the following tangible personal
property are exempt from the gross retail tax:
(1) Rolling stock that is purchased or leased by a person.
(2) All spare, replacement, and rebuilding parts or accessories,
components, materials, or supplies, including lubricants and
fuels, for rolling stock described in subdivision (1).
As added by P.L.61-1997, SEC.2.
Last modified: May 28, 2006