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Indiana Code — Title 6 (Taxation)

IC 6-1.1-12-33

Deduction for hydroelectric power device; limitations

Official textiga.in.govlast amended

Sec. 33. (a) For purposes of this section "hydroelectric power device" means a device which is installed after December 31, 1981, and is designed to utilize the kinetic power of moving water to provide mechanical energy or to produce electricity.

(b) The owner of real property, or a mobile home that is not assessed as real property, that is equipped with a hydroelectric power device is annually entitled to a property tax deduction. The amount of the deduction equals the remainder of:

# (1)

the assessed value of the real property or mobile home with the hydroelectric power device; minus

# (2)

the assessed value of the real property or mobile home without the hydroelectric

power device.

(c) The deduction provided by this section applies only if the property owner:

(1) owns the real property or mobile home; or

(2) is buying the real property or mobile home under contract;
on the date the statement is filed under section 35.5 of this chapter.

(d) This section applies only to property taxes imposed for an assessment date before
January 1, 2025.

(e) This section expires January 1, 2027.
As added by Acts 1981, P.L.71, SEC.1. Amended by P.L.144-2008, SEC.32; P.L.68-2025,
SEC.40.

Amendment history

As added by Acts 1981, P.L.71, SEC.1. Amended by P.L.144-2008, SEC.32; P.L.68-2025, SEC.40.

Source: view the official text

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Nearby sections (25 sections)
  1. 6-1.1-12-26 · Solar energy heating or cooling system
  2. 6-1.1-12-26.1 · Solar power devices
  3. 6-1.1-12-26.2 · Property tax deduction for heritage barns
  4. 6-1.1-12-27 · Repealed
  5. 6-1.1-12-27.1 · Claim for deduction for solar energy heating or cooling…
  6. 6-1.1-12-28 · Repealed
  7. 6-1.1-12-28.5 · Resource recovery system; prerequisites for deduction;
  8. 6-1.1-12-28.6 · Repealed
  9. 6-1.1-12-29 · Wind power device; definition
  10. 6-1.1-12-30 · Claim for deduction for wind power device
  11. 6-1.1-12-31 · Repealed
  12. 6-1.1-12-32 · Repealed
  13. 6-1.1-12-33 · Deduction for hydroelectric power device; limitations
  14. 6-1.1-12-34 · Deduction for geothermal energy heating or cooling device;
  15. 6-1.1-12-34.5 · Repealed
  16. 6-1.1-12-35 · Repealed
  17. 6-1.1-12-35.5 · Claims for deductions related to hydroelectric and…
  18. 6-1.1-12-36 · Deductions; eligibility for following year
  19. 6-1.1-12-37 · Standard deduction for homesteads; amount; statement to
  20. 6-1.1-12-37.5 · Supplemental deduction for homesteads
  21. 6-1.1-12-38 · Deduction for improvements to comply with fertilizer…
  22. 6-1.1-12-39 · Person not qualified for exemption purchasing exempt
  23. 6-1.1-12-40 · Deductions for real property located in enterprise zones
  24. 6-1.1-12-40.5 · Limits on deductions for mobile or manufactured homes
  25. 6-1.1-12-41 · Repealed
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