§ 6-1-1-8-7-2

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.