Indiana Code 6-1.1-12.7-3. “Qualified personal property”
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Sec. 3. As used in this chapter, “qualified personal property” means personal property that is:
(2) located within a certified technology park;
(1) assessed for the first time after December 31, 2010;
Terms Used In Indiana Code 6-1.1-12.7-3
- certified technology park: refers to a certified technology park that is:
Indiana Code 6-1.1-12.7-1
- high technology activity: has the meaning set forth in IC 36-7-32-7. See Indiana Code 6-1.1-12.7-2
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Personal property: includes goods, chattels, evidences of debt, and things in action. See Indiana Code 1-1-4-5
- Personal property: All property that is not real property.
- Property: includes personal and real property. See Indiana Code 1-1-4-5
(3) primarily used to conduct high technology activity; and
(4) not part of the assessed value for which a personal property tax allocation has been made for the payment of the principal of and interest on bonds or lease rentals under IC 5-28-26, IC 6-1.1-39, IC 8-22-3.5, IC 36-7-14, IC 36-7-14.5, IC 36-7-15.1, IC 36-7-30, IC 36-7-30.5, or IC 36-7-32.
The term does not include personal property that is used primarily for routine administrative purposes such as office communications, accounting, record keeping, and human resources.
As added by P.L.113-2010, SEC.28.