Indiana Statutes
§ 6-1.1-8.5-2 — "Industrial facility" defined
Indiana § 6-1.1-8.5-2
This text of Indiana § 6-1.1-8.5-2 ("Industrial facility" defined) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Ind. Code § 6-1.1-8.5-2 (2026).
Text
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 of local government finance; and
(2)has a true tax value, as estimated by the department, of at least
thirty-five million dollars ($35,000,000) in a qualifying 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.
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Legislative History
As added by P.L.151-2001, SEC.3. Amended by P.L.90-2002,
SEC.89; P.L.159-2020, SEC.10.
Nearby Sections
15
§ 6-1.1-1-1
Applicability§ 6-1.1-1-1.5
"Assessing official"§ 6-1.1-1-10
"Person"§ 6-1.1-1-11
"Personal property"§ 6-1.1-1-12
"Political subdivision"§ 6-1.1-1-13
Repealed§ 6-1.1-1-14
"Property taxation"§ 6-1.1-1-15
"Real property"§ 6-1.1-1-16
"School corporation"§ 6-1.1-1-17
"Special assessment"§ 6-1.1-1-18
"State agency"§ 6-1.1-1-19
"Tangible property"§ 6-1.1-1-2
"Assessment date"§ 6-1.1-1-20
"Taxing district"§ 6-1.1-1-21
"Taxing unit"Cite This Page — Counsel Stack
Bluebook (online)
Indiana § 6-1.1-8.5-2, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/6-1.1-8.5-2.