Sec. 3. As used in this chapter, "qualified personal property" means personal property that is: (1) assessed for the first time after December 31, 2010; (2) located within a certified technology park; (3) primarily used to conduct high technology activity; and (4) not part of the assessed value for which a personal property tax allocation has been made for the payment of the principal of and interest on bonds or lease rentals under IC 5-28-26 , IC 6-1.1-39 , IC 8-22-3.5 , IC 36-7-14 , IC 36-7-14.5 , IC 36-7-15.1 , IC 36-7-30 , IC 36-7-30.5 , or IC 36-7-32 . The term does not include personal property that is used primarily for routine administrative purposes such as office communications, accounting, record keeping, and human resources.
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