Indiana Code 6-1.1-3-25. Exemption from valuation limitations for property located in entrepreneur and enterprise district
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Sec. 25. (a) As used in this section, “district” refers to an entrepreneur and enterprise district designated under IC 5-28-15.5.
(1) is located in a district;
(b) Notwithstanding section 22(b) of this chapter and IC 6-1.1-8-44(b), assessable depreciable personal property that:
Terms Used In Indiana Code 6-1.1-3-25
- Property: includes personal and real property. See Indiana Code 1-1-4-5
(2) is placed in service in the district by the owner of the property after the designation of the district under IC 5-28-15.5; and
(3) is used within the district by one (1) or more employees who perform the majority of their service within the district;
is not subject to the valuation limitations in 50 IAC 4.2-4-9 or 50 IAC 5.1-6-9.
As added by P.L.238-2017, SEC.8.