Indiana Code — Title 6 (Taxation)
IC 6-1.1-12.4-5
Additional deductions for property prohibited
Official textiga.in.govlast amended
Sec. 5. A property owner that qualifies for a deduction for a year under this chapter and another statute with respect to the same:
# (1)
real property development, redevelopment, or rehabilitation; or
# (2)
personal property purchase;
may not receive a deduction under both statutes for the development, redevelopment, rehabilitation, or purchase for that year.
As added by P.L.193-2005, SEC.8.
Amendment history
As added by P.L.193-2005, SEC.8.
Source: view the official text
Nearby sections (25 sections)
- 6-1.1-12.1-12 · Repayment of deduction falsely obtained; appeal;…
- 6-1.1-12.1-12.5 · Distribution of reimbursement, repayment, or penalty…
- 6-1.1-12.1-13 · Department of local government finance rules
- 6-1.1-12.1-14 · Local government authority to impose fee with consent of
- 6-1.1-12.1-15 · Correction of deduction errors
- 6-1.1-12.1-16 · Repealed
- 6-1.1-12.1-17 · Abatement schedules
- 6-1.1-12.1-18 · Enhanced abatement for certain business personal…
- 6-1.1-12.4-1 · "Official"
- 6-1.1-12.4-2 · Applicability of deduction entitlement; calculation of…
- 6-1.1-12.4-3 · Eligibility; deduction amount; period of deduction;…
- 6-1.1-12.4-4 · Ineligibility of real and personal property located in…
- 6-1.1-12.4-5 · Additional deductions for property prohibited
- 6-1.1-12.4-6 · Official review of job creation and job retention…
- 6-1.1-12.4-7 · Notice of hearing requirements
- 6-1.1-12.4-8 · Hearing requirements; termination of deduction
- 6-1.1-12.4-9 · Notice of termination
- 6-1.1-12.4-10 · Appeal of termination
- 6-1.1-12.4-11 · Taxes not due while appeal pending
- 6-1.1-12.4-12 · Change of ownership
- 6-1.1-12.4-13 · Voidance of rules; investment property tax deduction
- 6-1.1-12.4-14 · Correction of error in deduction amount
- 6-1.1-12.5-1 · "Eligible infrastructure"
- 6-1.1-12.5-2 · "Natural gas utility"
- 6-1.1-12.5-3 · "Person"