10-45-99. 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.