Terms Used In Indiana Code 6-1.1-12.8-6

  • Property: includes personal and real property. See Indiana Code 1-1-4-5
  • residence in inventory: means real property that:

    Indiana Code 6-1.1-12.8-1

  • Statute: A law passed by a legislature.
  • Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
   Sec. 6. A property owner that qualifies for a deduction for a year under this chapter and another statute with respect to the same residence in inventory may not receive a deduction under both statutes for the residence in inventory for that year.

As added by P.L.175-2011, SEC.2.