Limits on deductions for mobile or manufactured homes

Official textiga.in.govlast amended 2001

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.

Amendment history

As added by P.L.291-2001, SEC.143.

Source: view the official text

Nearby sections (25 sections)

6-1.1-12-32 · Repealed
6-1.1-12-33 · Deduction for hydroelectric power device; limitations
6-1.1-12-34 · Deduction for geothermal energy heating or cooling device;
6-1.1-12-34.5 · Repealed
6-1.1-12-35 · Repealed
6-1.1-12-35.5 · Claims for deductions related to hydroelectric and…
6-1.1-12-36 · Deductions; eligibility for following year
6-1.1-12-37 · Standard deduction for homesteads; amount; statement to
6-1.1-12-37.5 · Supplemental deduction for homesteads
6-1.1-12-38 · Deduction for improvements to comply with fertilizer…
6-1.1-12-39 · Person not qualified for exemption purchasing exempt
6-1.1-12-40 · Deductions for real property located in enterprise zones
6-1.1-12-40.5 · Limits on deductions for mobile or manufactured homes
6-1.1-12-41 · Repealed
6-1.1-12-42 · Statewide property tax deduction for inventory
6-1.1-12-43 · Residential mortgage transactions; closing agent's duty to
6-1.1-12-44 · Sales disclosure form serves as application for certain
6-1.1-12-45 · Automatic one year carryover of deductions; limitations;
6-1.1-12-46 · Eligibility of transferred property for certain deductions
6-1.1-12-47 · Deduction for property subject to the 2% property tax cap
6-1.1-12.1-0.3 · Legalization of designation of economic revitalization…
6-1.1-12.1-1 · Definitions
6-1.1-12.1-2 · Findings by designating body; economic revitalization…
6-1.1-12.1-2.3 · Repealed
6-1.1-12.1-2.5 · Economic revitalization area; maps; boundaries;…

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