§ 10-35-1-6

10-35-1.6. Amount of tax exemption during construction of qualifying power generation facility.During the construction period of a qualifying power generation facility, the exemption provided in §10-35-1.5 shall be as follows:(1)For the first legal assessment date after the construction date of the power generation facility, as provided in §10-35-9, upon all value in excess of ten percent of the amount provided in §10-35-1.5;(2)For the second legal assessment date after the construction date of the power generation facility, as provided in §10-35-9, upon all value in excess of twenty percent of the amount provided in §10-35-1.5; and(3)For the third and subsequent legal assessment dates after the construction date of the power generation facility, as provided in §10-35-9, upon all value in excess of thirty percent of the amount provided in §10-35-1.5. Source: SL 2005, ch 66, §4.