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.
Purchase of equipment as an operating expense
Ind. Code § 8-25-3-8, under Chapter 3. Funding for Central Indiana Public Transportation Projects.
Ind. Code § 8-25-3-8