Section 6-1.1-12.7-3 - "Qualified personal property" As used in this chapter, "qualified personal property" means personal property that is:
(1) assessed for the first time after December 31, 2010;(2) located within a certified technology park;(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.