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Indiana Code — Title 6 (Taxation)

IC 6-1.1-8.5-2

"Industrial facility" defined

Official textiga.in.govlast amended

Sec. 2. 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.
As added by P.L.151-2001, SEC.3. Amended by P.L.90-2002, SEC.89; P.L.159-2020,
SEC.10.

Amendment history

As added by P.L.151-2001, SEC.3. Amended by P.L.90-2002, SEC.89; P.L.159-2020, SEC.10.

Source: view the official text

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Nearby sections (25 sections)
  1. 6-1.1-8-44 · Reinstatement of utility property rules; prohibition…
  2. 6-1.1-8-45 · Depreciable personal property 30% minimum valuation
  3. 6-1.1-8.1-1 · Applicability
  4. 6-1.1-8.1-2 · "Controlled environment agriculture property"
  5. 6-1.1-8.1-3 · Classification and assessment
  6. 6-1.1-8.2-1 · "Qualified expenditures" defined
  7. 6-1.1-8.2-2 · "Taxpayer" defined
  8. 6-1.1-8.2-3 · "Tax liability" defined
  9. 6-1.1-8.2-4 · Entitlement to credit
  10. 6-1.1-8.2-5 · Determination of amount of credit
  11. 6-1.1-8.2-6 · Filing expenditure statement
  12. 6-1.1-8.5-1 · "Industrial company" defined
  13. 6-1.1-8.5-2 · "Industrial facility" defined
  14. 6-1.1-8.5-3 · "Qualifying county" defined
  15. 6-1.1-8.5-4 · Repealed
  16. 6-1.1-8.5-5 · Facility to be assessed in prescribed manner
  17. 6-1.1-8.5-6 · County assessor to provide list of industrial facilities…
  18. 6-1.1-8.5-7 · Notice of newly constructed facilities
  19. 6-1.1-8.5-8 · Reassessment by the department; local officials and…
  20. 6-1.1-8.5-9 · Support of department's assessor
  21. 6-1.1-8.5-10 · Certification of true tax values
  22. 6-1.1-8.5-11 · Appeal of industrial facility assessment to the Indiana…
  23. 6-1.1-8.5-12 · Rules
  24. 6-1.1-8.5-13 · Conflicts with provisions in other chapters
  25. 6-1.1-8.7-1 · "Industrial company" and "department"
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