IC 6-1.1-44
    Chapter 44. Deduction for Purchases of Investment Property byManufacturers of Recycled Components

IC 6-1.1-44-1
"Coal combustion product"
    Sec. 1. As used in this chapter, "coal combustion product" meansthe byproducts resulting from the combustion of coal in a facilitylocated in Indiana, including a fluidized bed boiler. The termincludes boiler slag, bottom ash, fly ash, and scrubber sludge.
As added by P.L.215-2003, SEC.1.

IC 6-1.1-44-2
"Investment property"
    Sec. 2. As used in this chapter, "investment property" meansdepreciable personal property that a manufacturer purchases and usesto manufacture recycled components.
As added by P.L.215-2003, SEC.1.

IC 6-1.1-44-3
"Manufacturer"
    Sec. 3. (a) As used in this chapter, "manufacturer" means ataxpayer that:
        (1) obtains and uses coal combustion products for themanufacturing of recycled components; and
        (2) is at least one (1) of the following:
            (A) A new business.
            (B) An existing business that, during the taxable year inwhich the taxpayer claims a deduction under this chapter,expands the business's manufacturing process tomanufacture recycled components.
            (C) An existing business that:
                (i) manufactures recycled components; and
                (ii) during the taxable year in which the taxpayer claims adeduction under this chapter, increases purchases of coalcombustion products by the amount determined insubsection (b).
    (b) To be within the definition set forth in subsection (a), ataxpayer described in subsection (a)(2)(C) must increase thetaxpayer's purchases of coal combustion products by the amountdetermined in STEP THREE of the following STEPS:
        STEP ONE: Determine the amount of the taxpayer's purchasesof coal combustion products for each of the three (3) taxableyears immediately preceding the taxable year in which thetaxpayer claims a deduction under this chapter.
        STEP TWO: Determine the largest amount determined underSTEP ONE.
        STEP THREE: Determine the product of:
            (A) the STEP TWO amount; multiplied by
            (B) one-tenth (0.1).As added by P.L.215-2003, SEC.1.

IC 6-1.1-44-4
"Recycled component"
    Sec. 4. As used in this chapter, a unit of materials, goods, or othertangible personal property is a "recycled component" if coalcombustion products constitute at least fifteen percent (15%) byweight of the substances of which the unit is composed. Recycledcomponents include:
        (1) aggregates;
        (2) fillers;
        (3) cementitious materials; or
        (4) any combination of aggregates, filler, or cementitiousmaterials;
that are used in the manufacture of masonry construction products(including portland cement based mortar), normal and lightweightconcrete, blocks, bricks, pavers, pipes, prestressed concrete products,filter media, and other products approved by the center for coaltechnology research established under IC 21-47-4.
As added by P.L.215-2003, SEC.1. Amended by P.L.2-2007,SEC.117.

IC 6-1.1-44-5
Deduction for investment property; amount
    Sec. 5. (a) A manufacturer is entitled to a deduction from theassessed valuation of the investment property in the first year that theinvestment property is subject to assessment under this article.
    (b) The amount of a deduction described in subsection (a) equalsthe product of:
        (1) the assessed value of the investment property; multiplied by
        (2) fifteen hundredths (0.15).
As added by P.L.215-2003, SEC.1.

IC 6-1.1-44-6
Application for deduction
    Sec. 6. (a) To obtain a deduction under this chapter, amanufacturer must file an application on forms prescribed by thedepartment of local government finance with the auditor of thecounty in which the investment property is located. A person thattimely files a personal property return under IC 6-1.1-3-7(a) for theyear in which the investment property is installed must file theapplication between March 1 and May 15 of that year. A person thatobtains a filing extension under IC 6-1.1-3-7(b) for the year in whichthe investment property is installed must file the application betweenMarch 1 and the extended due date for that year.
    (b) The deduction application required by this section mustcontain the following information:
        (1) The name of the owner of the investment property.
        (2) A description of the investment property.
        (3) Proof of purchase of the investment property and proof of

the date the investment property was installed.
        (4) The amount of the deduction claimed.
As added by P.L.215-2003, SEC.1.

IC 6-1.1-44-7
Conditions on obtaining deduction
    Sec. 7. A taxpayer that obtains a credit under IC 6-3.1-25.2 maynot obtain a deduction under this chapter in a taxable year.
As added by P.L.215-2003, SEC.1.