Indiana House Passes Dinosaur Building Law

Indiana Statehouse

The Indiana House unanimously passed House Bill 1005 on Tuesday. House Bill 1005 contains changes to what is commonly known as the “Dinosaur Building Law”.

Under existing law, a party that acquires an older industrial building that is at least 20 years old, that has been at least 75% vacant for at least two years and is at least 200,000 square feet, is entitled to tax credits for the rehabilitation made to such a building.

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