"Qualified expenditures" defined
Sec. 1. (a) As used in this chapter, "qualified expenditures" means
expenditures made by a taxpayer during a particular calendar year on
the maintenance or improvement in Indiana of railroad cars owned
or used by the taxpayer.
(b) The term includes, but is not limited to, the following:
(1) Expenses for:
(A) labor;
(B) materials; or
(C) overhead;
that are incurred by a taxpayer in the maintenance or
improvement of a railroad car owned or used by the taxpayer.
(2) Payments made by a taxpayer to others for the purpose of
performing the maintenance or improvement of a railroad car.
As added by P.L.253-1999, SEC.2.
Last modified: May 28, 2006