Section 50IAC4.2-11.1-8. Enterprise zone investment deduction primary definitions

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   (a) "Base year assessed value" equals the total assessed value of the personal property assessed at an enterprise zone location on the assessment date in the calendar year immediately preceding the calendar year in which a taxpayer makes a qualified investment with respect to the enterprise zone location.

  (b) "Enterprise zone location" means a lot, parcel, or tract of land located in an enterprise zone created under IC 5-28-15.

  (c) "Qualified personal property investment" means the purchase of new manufacturing or production equipment and/or the costs associated with retooling existing machinery. (Department of Local Government Finance; 50 IAC 4.2-11.1-8; filed Feb 26, 2010, 2:43 p.m.: 20100324-IR-050090576FRA)

                    
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