50 IAC 10-3-3

50 IAC 10-3-3 Leased property

Last amended: 2020Year: 2027Length: 54 wordsOfficial source

Cite as Ind. Admin. Code tit. 50, r. 10-3-3

Sec. 3. (a) The claim for deduction for new eligible equipment subject to a capital lease, as defined in 50 IAC 4.2-8-2(b), shall be made by the lessee. (b) The claim for deduction for new eligible equipment subject to an operating lease, as defined in 50 IAC 4.2-8-2(c), shall be made by the lessor.
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