(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:(A) labor;(B) materials; or(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.As added by P.L.253-1999, SEC.2. Amended by P.L.38-2021, SEC.20.
Indiana Legal Code