2018 Indiana Code
TITLE 6. Taxation
CHAPTER 12. Assessed Value Deductions and Deduction Procedures
6-1.1-12-34.5. Deduction for use of coal combustion products; limitations

IC 6-1.1-12-34.5 Deduction for use of coal combustion products; limitations

     Sec. 34.5. (a) As used in this section, "coal combustion product" has the meaning set forth in IC 6-1.1-44-1.

     (b) As used in this section, "qualified building" means a building designed and constructed to systematically use qualified materials throughout the building.

     (c) For purposes of this section, building materials are "qualified materials" if at least sixty percent (60%) of the materials' dry weight consists of coal combustion products.

     (d) The owner of a qualified building, as determined by the center for coal technology research, is entitled to a property tax deduction for not more than three (3) years. The amount of the deduction equals the product of:

(1) the assessed value of the qualified building; multiplied by

(2) five percent (5%).

     (e) The deduction provided by this section applies only if the building owner:

(1) owns the building; or

(2) is buying the building under contract;

on the assessment date for which the deduction applies.

As added by P.L.214-2005, SEC.11. Amended by P.L.144-2008, SEC.34.


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