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; and
(2) has a true tax value, as estimated by the department, of at least thirty-five million dollars ($35,000,000) in a 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.198-2001, SEC.27. Amended by P.L.159-2020, SEC.13.
Structure Indiana Code
Chapter 8.7. Assessment of Industrial Facilities
6-1.1-8.7-1. "Industrial Company" and "Department"
6-1.1-8.7-2. "Industrial Facility"
6-1.1-8.7-3. Petitions for Reassessment of Industrial Facilities
6-1.1-8.7-4. Assessments by Department of Local Government Finance
6-1.1-8.7-5. Scheduling of Assessments
6-1.1-8.7-6. Support From County Assessors
6-1.1-8.7-7. Certification of Values; Appeal and Review