As used in this chapter, "qualified personal property" means personal property that is:

1. (1) assessed for the first time after December 31, 2010;
2. (2) located within a certified technology park;
3. (3) primarily used to conduct high technology activity; and

4. (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 .

   The term does not include personal property that is used primarily for routine administrative purposes such as office communications, accounting, record keeping, and human resources.

As added by P.L.113-2010, SEC.28.