Personal property shipped into state for transshipment out of state
Sec. 29.3. Personal property shipped into Indiana is exempt from
property taxation if the owner or possessor is able to show by
adequate records that the property:
(1) is stored in an in-state warehouse for the purpose of
transshipment to an out-of-state destination; and
(2) is ready for transshipment without additional manufacturing
or processing, except repackaging.
As added by P.L.58-1986, SEC.1. Amended by P.L.18-1992, SEC.20.
Last modified: May 28, 2006