Indiana § 6-3.1-11-5 "Industrial recovery site"

Indiana Statutes

§ 6-3.1-11-5 — "Industrial recovery site"

Indiana § 6-3.1-11-5

Art. 3.1STATE TAX LIABILITY CREDITS

Ch. 11Industrial Recovery Tax Credit

This text of Indiana § 6-3.1-11-5 ("Industrial recovery site") 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 § 6-3.1-11-5 (2026).

Text

As used in this chapter, "industrial recovery site" means land on which a vacant plant having at least one hundred thousand (100,000) square feet of total floor space:

(1)exists as of the date an application is filed with the corporation under this chapter and was placed in service at least fifteen (15) years before the date on which an application is filed with the corporation under this chapter; or

(2)existed within five (5) years before the date an application is filed with the corporation under this chapter and was placed in service at least fifteen (15) years before the date on which the demolition of the vacant plant was completed.

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As used in this chapter, "industrial recovery
site" means land on which a vacant plant having at least one hundred
thousand (100,000) square feet of total floor space:
(1) exists as of the date an application is filed with the corporation
under this chapter and was placed in service at least fifteen (15)
years before the date on which an application is filed with the
corporation under this chapter; or
(2) existed within five (5) years before the date an application is
filed with the corporation under this chapter and was placed in
service at least fifteen (15) years before the date on which the
demolition of the vacant plant was completed.