1. (a) As used in this section, "district" refers to an entrepreneur and enterprise district designated under IC 5-28-15.5 .

2. (b) Notwithstanding section 22(b) of this chapter and IC 6-1.1-8-44 (b), assessable depreciable personal property that:

   1. (1) is located in a district;
   2. (2) is placed in service in the district by the owner of the property after the designation of the district under IC 5-28-15.5 ; and

   3. (3) is used within the district by one (1) or more employees who perform the majority of their service within the district;

      is not subject to the valuation limitations in section 29 of this chapter or IC 6-1.1-8-45 .

As added by P.L.238-2017, SEC.8. Amended by P.L.68-2025, SEC.10.