Indiana Code - Taxation - Title 6, Section 6-1.1-40-9

Manufacturing equipment; statement of benefits; review; findings

Sec. 9. (a) Before a person acquires new manufacturing
equipment for which the person wishes to claim a deduction under
this chapter, the person must submit to the commission a statement
of benefits, in a form prescribed by the department of local
government finance. The statement of benefits must include the
following information:
(1) A description of the new manufacturing equipment and
inventory that the person proposes to acquire.
(2) An estimate of the number of individuals that will be
employed or whose employment will be retained by the person
as a result of the installation of the new manufacturing
equipment and acquisition of inventory and an estimate of the
annual salaries of these individuals.

(3) An estimate of the cost of the new manufacturing equipment
and inventory.
(b) The statement of benefits may contain any other information
required by the commission. If the person is requesting or will be
requesting the designation of a district, the statement of benefits must
be submitted at the same time as the request for designation is
submitted.
(c) The commission shall review the statement of benefits if
required under subsection (b). The commission shall make findings
determining whether the estimate of:
(1) the number of individuals that will be employed or whose
employment will be retained;
(2) the annual salaries of those individuals;
(3) the value of the new manufacturing equipment and
inventory; and
(4) any other benefits about which the commission requires
information;
are benefits that can be reasonably expected to result from the
installation of the new manufacturing equipment and acquisition of
inventory.

As added by P.L.62-1988, SEC.1. Amended by P.L.90-2002,
SEC.273.

Last modified: May 28, 2006