Section 6-1.1-8.2-1 - "Qualified expenditures" defined(a) As used in this chapter, "qualified expenditures" means expenditures made by a taxpayer during a particular calendar year on the maintenance or improvement in Indiana of railcars owned or used by the taxpayer.(b) The term includes, but is not limited to, the following:(1) Expenses for: (C) overhead; that are incurred by a taxpayer in the maintenance or improvement of a railcar owned or used by the taxpayer.
(2) Payments made by a taxpayer to others for the purpose of performing the maintenance or improvement of a railcar.Amended by P.L. 38-2021,SEC. 20, eff. 7/1/2021.As added by P.L. 253-1999, SEC.2.