Definitions

Terms used in §§ 10-45-99 to 10-45-107 , inclusive, mean: (1) "Department," the Department of Revenue; (2) "Business," a business that has purchased and is installing tangible personal property in the form of equipment or machinery for direct use in a manufacturing, fabricating, or processing business, which is subject to sales or use tax pursuant to chapter 10-45 or 10-46 ; (3) "Project," the purchase and installation of equipment or machinery; (4) "Project cost," the amount paid in money for a project; (5) "Secretary," the secretary of the Department of Revenue. Source: SL 2001, ch 57 , § 2; SL 2011, ch 1 (Ex. Ord. 11-1 ), § 161, eff. Apr. 12, 2011.