§ 6-1.1-10-12 — Stationary or unlicensed mobile air pollution control system

(a) Personal property is exempt from
property taxation if:
(1) it is part of a stationary or unlicensed mobile air pollution
control system of a private manufacturing, fabricating,
assembling, extracting, mining, processing, generating, refining,
or other industrial facility;
(2) it is not primarily used in the production of property for sale;
(3) it is employed predominantly in the operation of the air
pollution control system;
(4) the air pollution control system is designed and used for the
improvement of public health and welfare by the prevention or
elimination of air contamination caused by industrial waste or
contaminants;
(5) a sanitary treatment or elimination service for the waste or
contaminants is not provided by public authorities; and
(6) it is acquired for the purpose of complying with any state,
local, or federal environmental quality statutes, regulations, or
standards.
(b) The property that is exempt under this section includes the
following personal property:
(1) Personal property that is under construction or in the process
of installation and that will be used for the purposes described in
subsection (a) when placed in service.
(2) Spare parts held exclusively for installation in or as part of
personal property that qualifies for the exemption under this
section.
[Pre-1975 Property Tax Recodification Citation:
6-1-9-1.]
Formerly: Acts 1975, P.L.47, SEC.1. As amended by Acts 1980,
P.L.37, SEC.1; P.L.41-1993, SEC.10.