Materials used in construction business, public street, or utility

# (1)

the person acquiring the property is in the construction business;

# (2)

the person acquiring the property acquires it for incorporation as a material or integral part of a public street or of a public water, sewage, or other utility service;

# (3)

the public street or public utility service into which the property is to be incorporated is required under a subdivision plat, approved and accepted by the appropriate Indiana political subdivision; and

# (4)

the public street or public utility is to be publicly maintained after its completion.

As added by Acts 1980, P.L.52, SEC.1.