(c) Transactions involving tangible personal property are exempt from the state gross retail tax if the person acquiring that property:

1. (1) acquires it for the person's direct consumption as a material to be consumed in an industrial processing service; and
2. (2) is an industrial processor.

(d) Transactions involving tangible personal property are exempt from the state gross retail tax if the person acquiring the property:

1. (1) acquires it for the person's direct consumption as a material to be consumed in:

   1. (A) the direct application of fertilizers, pesticides, fungicides, seeds, and other tangible personal property; or

   2. (B) the direct extraction, harvesting, or processing of agricultural commodities;

      for consideration; and

2. (2) is occupationally engaged in providing the services described in subdivision (1) on property that is:

   1. (A) owned or rented by another person occupationally engaged in agricultural production; and

   2. (B) used for agricultural production.

      As added by Acts 1981, P.L.63, SEC.6. Amended by P.L.23-1986, SEC.2; P.L.78-1989, SEC.5; P.L.192-2002(ss), SEC.51; P.L.172-2011, SEC.50; P.L.137-2012, SEC.47; P.L.242-2015, SEC.7; P.L.239-2017, SEC.7.