Deduction; coal combustion products used
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%).
As added by P.L.214-2005, SEC.11.
Last modified: May 28, 2006