Moving property; located in state
Sec. 7. For purposes of this article, tangible personal property that
is characteristically moving property, such as motor vehicles, rolling
stock, aircraft, vessels, and mobile equipment, is considered to be
located in Indiana if:
(1) the operation of the property is entirely in Indiana; or
(2) the operation of the property is not entirely in Indiana and:
(A) the operation outside Indiana is occasional and
incidental to the operation in Indiana;
(B) the principal base of operations from which the property
is sent out is in Indiana; or
(C) Indiana is the commercial domicile of the lessee or other
user of the property and there is no principal base of
operations.
As added by P.L.347-1989(ss), SEC.1.
Last modified: May 28, 2006