Indiana Code 4-4-32.2-16. Grant does not reduce basis of qualified property
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Terms Used In Indiana Code 4-4-32.2-16
- Property: includes personal and real property. See Indiana Code 1-1-4-5
Sec. 16. A grant awarded under this chapter does not reduce the basis of the qualified property for purposes of determining any gain or loss on the property when the grant recipient disposes of the property.
As added by P.L.151-2009, SEC.1.