"Relocation costs"
Effective 1-1-2007.
Sec. 5. As used in this chapter, "relocation costs" means the
reasonable and necessary expenses incurred by an eligible business
for a qualifying project. The term includes:
(1) moving costs and related expenses;
(2) the purchase of new or replacement equipment;
(3) capital investment costs; and
(4) property assembly and development costs, including:
(A) the purchase, lease, or construction of buildings and
land;
(B) infrastructure improvements; and
(C) site development costs.
The term does not include any costs that do not directly result from
the relocation of the business to a location in Indiana.
As added by P.L.193-2005, SEC.21.
Last modified: May 28, 2006