(3)__Property owned or used by an excluded person.

C.__"Excluded person" means:

(1)__A public utility as defined in Title 35-A, section 102, subsection 13;

(2)__A person that provides radio paging services as defined in Title 35-A, section 102, subsection 15;

(3)__A person that provides mobile telecommunications services as defined in Title 35-A, section 102, subsection 9-A;

(4)__A cable television company as defined in Title 30- A, section 2001, subsection 2;

(5)__A person that provides satellite-based direct television broadcast services; or

(6)__A person that provides multichannel, multipoint television distribution services.

D.__"Inventory parts" includes repair parts, replacement parts, replacement equipment, additions, accessions and accessories on hand but not in service and stocks or inventories of repair parts, replacement parts, replacement equipment, additions, accessions and accessories on hand but not in service if acquired after April 1, 2003, regardless of when placed in service.

E.__"Qualified business property" means tangible personal property that:

(1)__Is used or held for use exclusively for a business purpose by the person in possession of it or, in the case of construction in progress or inventory parts, is intended to be used exclusively for a business purpose by the person who will possess that property; and

(2)__Either:

(a)__Was subject to an allowance for depreciation under the Code on April 1st of the property tax year for which the owner of the property files a claim for exemption under subsection 4, or would have been subject to an allowance for depreciation