Sec. 9. A carbon dioxide transmission pipeline company that exercises the authority set forth in section 7(a) of this chapter shall: (1) compensate the property owner by making a payment to the owner equal to: (A) one hundred twenty-five percent (125%) of the fair market value of the interest in the property acquired, if the right-of-way or easement involves agricultural land; or (B) one hundred fifty percent (150%) of the fair market value of the interest in the property acquired, if the right-of-way or easement involves a parcel of property occupied by the owner as a residence; and (2) pay to the property owner: (A) any damages determined under IC 32-24-1 ; and (B) any loss incurred in a trade or business; that are attributable to the exercise of eminent domain.
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