"Vacant industrial facility" defined
Sec. 15. As used in this chapter, "vacant industrial facility" means
a tract of land on which there is located a plant that:
(1) has at least two hundred fifty thousand (250,000) square feet
of floor space;
(2) was placed in service at least twenty (20) years ago; and
(3) has been vacant for two (2) or more years, unless the tract
and the plant are owned by a municipality or a county, in which
case the two (2) year requirement does not apply.
As added by P.L.379-1987(ss), SEC.11. Amended by P.L.26-2004,
SEC.1.
Last modified: May 28, 2006