Sec. 2.5. (a) As used in this chapter, "nonresidential real property" refers to either of the following:
(1) Real property that:
(A) is not:
(i) a homestead; or
(ii) residential property; and
(B) consists of:
(i) a building or other land improvement; and
(ii) the land, not exceeding the area of the building footprint or improvement footprint, on which the building or improvement is located.
(2) Undeveloped land in the amount of the remainder of:
(A) the area of a parcel; minus
(B) the area of the parcel that is part of:
(i) a homestead; or
(ii) residential property.
(b) The term does not include agricultural land.
As added by P.L.146-2008, SEC.218.
Structure Indiana Code
Chapter 20.6. Credit for Excessive Property Taxes
6-1.1-20.6-0.3. General Assembly Findings
6-1.1-20.6-0.5. "Agricultural Land"
6-1.1-20.6-1.2. "Common Areas"
6-1.1-20.6-1.6. "Gross Assessed Value"
6-1.1-20.6-2.3. "Long Term Care Property"
6-1.1-20.6-2.4. "Manufactured Home"; "Mobile Home"
6-1.1-20.6-2.5. "Nonresidential Real Property"
6-1.1-20.6-3. "Property Tax Liability"
6-1.1-20.6-4. "Residential Property"
6-1.1-20.6-7. Calculation of Credit
6-1.1-20.6-7.5. Calculation of Credit
6-1.1-20.6-8. Exemption From Filing Requirement
6-1.1-20.6-8.5. Additional Credit for Certain Homesteads; Eligibility and Filing Requirements
6-1.1-20.6-9.5. Effect of Credit on Revenues
6-1.1-20.6-9.8. Allocation of Taxes Exempted From Credit
6-1.1-20.6-9.9. Allocation of Credits by Eligible School Corporations
6-1.1-20.6-10. Payment of Debt Service Obligations
6-1.1-20.6-11. Report; Effect of Circuit Breaker on Taxing Unit Revenues
6-1.1-20.6-12. Application of Credit of Excise Tax Distribution Calculations
6-1.1-20.6-13. Allocation of Credits by Distressed Political Subdivisions