"Initial home buyer" defined

Sec. 2. As used in this chapter, "initial home buyer" means a person who: (1) executes a contract with a builder to buy a new home; and (2) either: (A) occupies the new home as: (i) the home's first occupant; and (ii) a residence; or (B) rents the new home to an individual who occupies the new home as: (i) the home's first occupant; and (ii) a residence. [Pre-2002 Recodification Citation: 32-15-7-2.] As added by P.L.2-2002, SEC.12. Amended by P.L.137-2023, SEC.3.