Indiana Code 6-1.1-42-17. Application for assessed valuation deduction
Current as of: 2023 | Check for updates
|
Other versions
Sec. 17. (a) A person may apply for an assessed valuation deduction for:
(2) personal property;
(1) real property; and
Terms Used In Indiana Code 6-1.1-42-17
- brownfield: has the meaning set forth in Indiana Code 6-1.1-42-1
- designating body: means the following:
Indiana Code 6-1.1-42-2
- Personal property: includes goods, chattels, evidences of debt, and things in action. See Indiana Code 1-1-4-5
- Personal property: All property that is not real property.
- Property: includes personal and real property. See Indiana Code 1-1-4-5
- zone: means a brownfield revitalization zone established under this chapter. See Indiana Code 6-1.1-42-4
located in an area designated as a brownfield revitalization zone.
(b) An application for a deduction for an improvement to a brownfield revitalization zone or personal property located in a brownfield revitalization area must:
(1) be submitted to the designating body before the date that the improvement is initiated or, if the deduction is for personal property, the property is brought into the area;
(2) contain sufficient information for the designating body to approve the deduction; and
(3) be submitted in the form prescribed by the department of local government finance.
As added by P.L.59-1997, SEC.1. Amended by P.L.90-2002, SEC.283; P.L.146-2008, SEC.302.