Indiana Code — Title 6 (Taxation)
IC 6-3.1-11-5
"Industrial recovery site"
Sec. 5. As used in this chapter, "industrial recovery site" means land on which a vacant plant having at least one hundred thousand (100,000) square feet of total floor space:
# (1)
exists as of the date an application is filed with the corporation under this chapter and was placed in service at least fifteen (15) years before the date on which an application is filed with the corporation under this chapter; or
# (2)
existed within five (5) years before the date an application is filed with the corporation under this chapter and was placed in service at least fifteen (15) years before the date on which the demolition of the vacant plant was completed.
As added by P.L.379-1987(ss), SEC.11. Amended by P.L.204-2016, SEC.18.
Amendment history
As added by P.L.379-1987(ss), SEC.11. Amended by P.L.204-2016, SEC.18.
Source: view the official text
Nearby sections (25 sections)
- 6-3.1-10-5 · "Transfer ownership" defined
- 6-3.1-10-6 · Credit for qualified investment; amount
- 6-3.1-10-6.5 · Pass through entity; credit
- 6-3.1-10-7 · Carryover of excess credit
- 6-3.1-10-8 · Qualifying for credit; request for determination; findings;
- 6-3.1-10-9 · Claiming credit
- 6-3.1-10-10 · Program expiration; treatment of credit carryovers
- 6-3.1-11-1 · "Applicable percentage"
- 6-3.1-11-2 · Repealed
- 6-3.1-11-2.5 · "Corporation"
- 6-3.1-11-3 · Repealed
- 6-3.1-11-4 · "Floor space"
- 6-3.1-11-5 · "Industrial recovery site"
- 6-3.1-11-6 · Repealed
- 6-3.1-11-7 · Repealed
- 6-3.1-11-8 · "Placed in service"
- 6-3.1-11-9 · "Plant"
- 6-3.1-11-10 · "Qualified investment"
- 6-3.1-11-11 · "Rehabilitation"
- 6-3.1-11-12 · "State tax liability"
- 6-3.1-11-13 · "Taxpayer"
- 6-3.1-11-14 · "Vacant"
- 6-3.1-11-15 · Repealed
- 6-3.1-11-16 · Credit for qualified investment; computation of amount;
- 6-3.1-11-17 · Carryover of excess credit; carryback or refund of unused