§ 35.017 PERIOD OF PARTIAL EXEMPTION.
   The actual value added to industrial real estate by the new construction of industrial real estate, research-service facilities, warehouses, distribution centers and the acquisition of or improvement to machinery and equipment assessed as real estate, is eligible to receive a partial exemption from taxation for a period of five years.
(Iowa Code § 427B.3) (1999 Code, § 8.03)