Materials used in construction business, public street, or utility
service
Sec. 7. Transactions involving tangible personal property are
exempt from the state gross retail tax if:
(1) the person acquiring the property is in the construction
business;
(2) the person acquiring the property acquires it for
incorporation as a material or integral part of a public street or
of a public water, sewage, or other utility service;
(3) the public street or public utility service into which the
property is to be incorporated is required under a subdivision
plat, approved and accepted by the appropriate Indiana political
subdivision; and
(4) the public street or public utility is to be publicly maintained
after its completion.
As added by Acts 1980, P.L.52, SEC.1.
Last modified: May 28, 2006