Indiana Code 6-3.1-30-5. “Relocation costs”
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Sec. 5. 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:
(2) the purchase of new or replacement equipment;
(1) moving costs and related expenses;
Terms Used In Indiana Code 6-3.1-30-5
- eligible business: means either of the following:
Indiana Code 6-3.1-30-2
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Property: includes personal and real property. See Indiana Code 1-1-4-5
- qualifying project: means the relocation of the corporate headquarters of an eligible business from a location outside Indiana to a location in Indiana. See Indiana Code 6-3.1-30-4
(3) capital investment costs; and
(4) property assembly and development costs, including:
(A) the purchase, lease, or construction of buildings and land;
(B) infrastructure improvements; and
(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.