Exemption; acquisition for direct consumption in direct production
Sec. 5.1. (a) As used in this section, "tangible personal property"
includes electrical energy, natural or artificial gas, water, steam, and
steam heat.
(b) Transactions involving tangible personal property are exempt
from the state gross retail tax if the person acquiring the property
acquires it for direct consumption as a material to be consumed in the
direct production of other tangible personal property in the person's
business of manufacturing, processing, refining, repairing, mining,
agriculture, horticulture, floriculture, or arboriculture. This
exemption includes transactions involving acquisitions of tangible
personal property used in commercial printing.
As added by Acts 1981, P.L.63, SEC.6. Amended by P.L.23-1986,
SEC.2; P.L.78-1989, SEC.5; P.L.192-2002(ss), SEC.51.
Last modified: May 28, 2006