As used in this chapter, "qualified interest" means the following:

1. (1) An ownership interest in a homestead.

2. (2) An interest in a contract for the purchase of a homestead that:

   1. (A) is recorded in the county recorder's office; and
   2. (B) provides that a person purchasing the homestead is to pay the property taxes on the homestead.

As added by P.L.68-2025, SEC.85.