Sec. 2. As used in this chapter, "industrial facility" means a company's real property that: (1) has been classified as industrial property under the rules of the department; and (2) has a true tax value, as estimated by the department, of at least thirty-five million dollars ($35,000,000) in a county. The term includes real property that is used under an agreement under which the user exercises the beneficial rights of ownership for the majority of a year. The term does not include real property assessed under IC 6-1.1-8. As added by P.L.198-2001, SEC.27. Amended by P.L.159-2020, SEC.13.
"Industrial facility"
Ind. Code § 6-1.1-8.7-2, under Chapter 8.7. Assessment of Industrial Facilities.
Ind. Code § 6-1.1-8.7-2