Section 6-1.1-4-45 - Assessment of land on which an outdoor sign is located(a) This section applies to assessment dates after December 31, 2014.(b) As used in this section, "sign site" means the land beneath an outdoor sign that accommodates the outdoor sign display structure and foundation under a lease or a grant of an easement.(c) An outdoor sign, and any associated lease, easement, and income, shall be disregarded for the purpose of determining an assessment of the land on which the outdoor sign is located, if:(1) the sign site does not exceed the greater of:(A) one-fourth (1/4) of an acre; or(B) if the sign site exceeds one-fourth (1/4) of an acre, the area that is reasonably necessary to facilitate display of the outdoor sign; and(2) the subject matter of the outdoor sign relates to products, services, or activities that are sold, produced, or conducted at a location other than the land for which the assessment is being determined.Added by P.L. 255-2017,SEC. 8, eff. 1/1/2015.