Note: This version of section effective until 1-1-2020. See also following repeal of this section, effective 1-1-2020.

1. (b) As used in this section, "qualified building" means a building designed and constructed to systematically use qualified materials throughout the building.
2. (c) For purposes of this section, building materials are "qualified materials" if at least sixty percent (60%) of the materials' dry weight consists of coal combustion products.

3. (d) The owner of a qualified building, as determined by the center for coal technology research, is entitled to a property tax deduction for not more than three (3) years. The amount of the deduction equals the product of:

   1. (1) the assessed value of the qualified building; multiplied by
   2. (2) five percent (5%).

4. (e) The deduction provided by this section applies only if the building owner:

   1. (1) owns the building; or

   2. (2) is buying the building under contract;

      on the assessment date for which the deduction applies.

Sec. 34.5. (a) As used in this section, "coal combustion product" has the meaning set forth in IC 6-1.1-44-1 .

As added by P.L.214-2005, SEC.11. Amended by P.L.144-2008, SEC.34.