Ind. Code § 6-1.1-8.5-2

Current through P.L. 171-2024

Section 6-1.1-8.5-2 - "Industrial facility" defined

As used in this chapter, "industrial facility" means a company's real property that:

(1) has been classified as industrial property under the rules of the department of local government finance; and

(2) has a true tax value, as estimated by the department, of at least thirty-five million dollars ($35,000,000) in a qualifying county.

The term includes real property that is used under an agreement under which the user exercises the beneficial rights of ownership for the majority of a year. The term does not include real property assessed under IC 6-1.1-8.

IC 6-1.1-8.5-2

Amended by P.L. 159-2020,SEC. 10, eff. 7/1/2020.

As added by P.L. 151-2001, SEC.3. Amended by P.L. 90-2002, SEC.89.