{"data":{"id":"us-in/ic-6-1.1-8.5-2","jurisdiction":"us-in","citation":"IC 6-1.1-8.5-2","heading":"\"Industrial facility\" defined","body":"Sec. 2. As used in this chapter, \"industrial facility\" means a company's real property that:\n(1) has been classified as industrial property under the rules of the department of local government finance; and\n(2) has a true tax value, as estimated by the department, of at least thirty-five million dollars ($35,000,000) in a qualifying county.\nThe 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.","path":["TITLE 6. TAXATION","ARTICLE 1.1. PROPERTY TAXES","Chapter 8.5. Assessment of Industrial Facilities in Lake County"],"source_url":"https://iga.in.gov/ic/2026/Title_6.html#6-1.1-8.5-2","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-09T01:51:39Z","sha256":"535849ad151111bcbc2385aa4b7926518ac6238a9c291e29d4cb3957955b48fe","source_id":"us-in","stale":false,"prev":"us-in/ic-6-1.1-8.5-1","next":"us-in/ic-6-1.1-8.5-3"},"notice":"GroundRules: Original legal text. Not legal advice."}