"New manufacturing equipment" defined
Sec. 4. As used in this chapter, "new manufacturing equipment"
means any tangible personal property that:
(1) is installed in a district;
(2) is used in the direct production, manufacture, fabrication,
assembly, extraction, mining, processing, refining, or finishing
of other tangible personal property; and
(3) was acquired by its owner for use as described in
subdivision (2), and was never before used by its owner for any
purpose in Indiana.
As added by P.L.62-1988, SEC.1.
Last modified: May 28, 2006