§ 24-5-16-5-3

As used in this chapter, 'capitalized cost reduction' means a payment made by cash, check, credit card, debit card, net vehicle trade-in, rebate, or other similar means in the nature of a down payment or credit, made by a retail lessee at the inception of a lease agreement, for the purpose of reducing the capitalized cost and does not include any periodic payments received by the retail lessor at the inception of the lease agreement.As added by P.L.151-2015, SEC.80.