{"data":{"id":"us-in/ic-6-1.1-12.7-3","jurisdiction":"us-in","citation":"IC 6-1.1-12.7-3","heading":"\"Qualified personal property\"","body":"Sec. 3. As used in this chapter, \"qualified personal property\" means personal property that is:\n(1) assessed for the first time after December 31, 2010;\n(2) located within a certified technology park;\n(3) primarily used to conduct high technology activity; and\n(4) not part of the assessed value for which a personal property tax allocation has been made for the payment of the principal of and interest on bonds or lease rentals under IC 5-28-26, IC 6-1.1-39, IC 8-22-3.5, IC 36-7-14, IC 36-7-14.5, IC 36-7-15.1, IC 36-7-30, IC 36-7-30.5, or IC 36-7-32.\nThe term does not include personal property that is used primarily for routine administrative purposes such as office communications, accounting, record keeping, and human resources.","path":["TITLE 6. TAXATION","ARTICLE 1.1. PROPERTY TAXES","Chapter 12.7. Deduction for Personal Property Within a Certified Technology Park"],"source_url":"https://iga.in.gov/ic/2026/Title_6.html#6-1.1-12.7-3","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-09T01:51:39Z","sha256":"db7a43c002a8818f4a98eec664150a657704ae56898f9235c9462c4755ddda62","source_id":"us-in","stale":false,"prev":"us-in/ic-6-1.1-12.7-2","next":"us-in/ic-6-1.1-12.7-4"},"notice":"GroundRules: Original legal text. Not legal advice."}