Indiana Code 6-1.1-12-40.5. Limits on deductions for mobile or manufactured homes
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Terms Used In Indiana Code 6-1.1-12-40.5
- Property: includes personal and real property. See Indiana Code 1-1-4-5
Sec. 40.5. Notwithstanding any other provision, the sum of the deductions provided under this chapter to a mobile home that is not assessed as real property or to a manufactured home that is not assessed as real property may not exceed one-half (1/2) of the assessed value of the mobile home or manufactured home.
As added by P.L.291-2001, SEC.143.