Section 45IAC12-1-11. "Taxable marine facility" defined

   (a) For purposes of this chapter [IC 6-6-1.1], the term "taxable marine facility" shall mean a boat livery located on an Indiana lake.

  (b) For purposes of this chapter [IC 6-6-1.1], an Indiana lake is an inland body or pool of standing or placid water, located wholly within the state of Indiana, formed either through natural processes or created artificially in whole or in part by man-made structures (includes all flood control and water storage reservoirs), and may or may not be characterized by inlet and outlet streams.

  (c) The landward limit of lakes is defined by the intersection of water surface of the lake with the surrounding land and with the bed of inlet streams when such water surface is at the established legal level or average normal level of natural lakes or at the highest normal operating level of artificial lakes. (Department of State Revenue; Reg 6-6-1.1-103(k)(010); filed Sep 19, 1983, 2:23 pm: 6 IR 2312)