As used in this chapter, "relocation costs" means the reasonable and necessary expenses incurred by an eligible business for a qualifying project. The term includes:

1. (1) moving costs and related expenses;
2. (2) the purchase of new or replacement equipment;
3. (3) capital investment costs; and

4. (4) property assembly and development costs, including:

   1. (A) the purchase, lease, or construction of buildings and land;
   2. (B) infrastructure improvements; and

   3. (C) site development costs.

      The term does not include any costs that do not directly result from the relocation of the business to a location in Indiana.

As added by P.L.193-2005, SEC.21.