"Industrial recovery site inventory value" defined
Sec. 4. As used in this chapter, "industrial recovery site inventory
value" means the greater of:
(1) zero (0); or
(2) the assessed value of the taxpayer's inventory located on an
industrial recovery site on the assessment date minus the
assessed value of the taxpayer's inventory located on the
industrial recovery site on the predesignation assessment date.
As added by P.L.379-1987(ss), SEC.7.
Last modified: May 28, 2006