50 IAC 5.1-1-13 "Leased property" defined

Sec. 13. "Leased property" means property that is leased, rented, or otherwise made available to a person other than the owner under a bailment agreement, written or unwritten. The term does not include locally assessed real property, inventory, special tooling, or returnable containers. Leased property may include: (1) business machines; (2) postage meters; (3) machinery; (4) equipment; (5) furniture; (6) fixtures; (7) coin-operated devices; (8) tools; (9) burglar alarms; (10) signs and other advertising devices; (11) motor vehicles; and (12) any other property used in the course or conduct of business; which are loaned, leased, used, or otherwise held in the possession of a person other than the owner on the assessment date whether or not any fees are charged.