Indiana § 8-25-3-8 - Purchase of equipment as an operating expense
Full text of Indiana Indiana Code § 8-25-3-8 — Purchase of equipment as an operating expense, with citation guidance and answers to common questions.
§ 8-25-3-8. Purchase of equipment as an operating expense
Sec. 8. For purposes of this chapter, IC 36-9-2-2(b), and IC 36-9-4-58(b), the purchase of equipment or other personal property is considered an operating expense if the equipment or other personal property has a useful life of less than three (3) years.
As added by P.L.153-2014, SEC.17.
IC 8-25-4Chapter 4. Carrying Out Central Indiana Public Transportation Projects
8-25-4-1Authorization to carry out a public transportation project 8-25-4-2Fiscal body authorization of a public transportation corporation to carry out a public transportation project 8-25-4-3Fiscal body authorization to carry out a public transportation project through an interlocal agreement 8-25-4-4Fiscal body authorization to carry out a public transportation project through a public-private partnership 8-25-4-5Process for entering into a public-private partnership 8-25-4-6Eligible counties limited to one public transportation project 8-25-4-7Goals for the participation of minority business enterprises, veteran business enterprises, and women's business enterprises 8-25-4-8Services must be provided throughout an eligible county 8-25-4-9Prohibition on light rail 8-25-4-10Carrying out a public transportation project in a township that opts-in
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 8-25-3-8
What does Indiana Code § 8-25-3-8 cover?
Section 8-25-3-8 ("Purchase of equipment as an operating expense") is part of the Indiana Code, the codified statutory law of Indiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Indiana § 8-25-3-8?
A common citation format is "Indiana Code § 8-25-3-8" (Indiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 8-25-3-8 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Indiana.