1. (a) A manufacturer is entitled to a deduction from the assessed valuation of the investment property in the first year that the investment property is subject to assessment under this article.

2. (b) The amount of a deduction described in subsection (a) equals the product of:

   1. (1) the assessed value of the investment property; multiplied by
   2. (2) fifteen hundredths (0.15).

As added by P.L.215-2003, SEC.1.