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Indiana Code — Title 6 (Taxation)

IC 6-1.1-12.6-7

Application of the deduction on change of ownership

Official textiga.in.govlast amended

Sec. 7. (a) If ownership of the model residence changes:

# (1)

a new owner that continues to use the property as a model residence may claim the deduction under this chapter; and

# (2)

the deduction may not be applied for an assessment date other than the assessment dates to which the deduction could have applied under section 2 of this chapter if ownership had not changed.

(b) A person who owns a model residence and claims a deduction under this chapter shall provide to the county auditor a notice that:

(1) informs the auditor of a transfer of the ownership of the model residence; and

(2) indicates whether the new owner is eligible to receive a deduction under this chapter.
The notice required by this subsection must be submitted to the county auditor at the same time that a sales disclosure form is filed under IC 6-1.1-5.5.
As added by P.L.70-2008, SEC.1.

Amendment history

As added by P.L.70-2008, SEC.1.

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Nearby sections (25 sections)
  1. 6-1.1-12.5-2 · "Natural gas utility"
  2. 6-1.1-12.5-3 · "Person"
  3. 6-1.1-12.5-4 · Ordinance designating infrastructure development zone
  4. 6-1.1-12.5-5 · Exemption from property taxation
  5. 6-1.1-12.6-0.5 · "Affiliated group"
  6. 6-1.1-12.6-1 · "Model residence"
  7. 6-1.1-12.6-2 · Applicability; amount of deduction; termination of…
  8. 6-1.1-12.6-2.1 · Expired
  9. 6-1.1-12.6-3 · Statement to claim deduction and information required;…
  10. 6-1.1-12.6-4 · Limitation of deduction to three residences; procedure…
  11. 6-1.1-12.6-5 · Deduction inapplicable in allocation area
  12. 6-1.1-12.6-6 · Prohibition against application of the deduction and a
  13. 6-1.1-12.6-7 · Application of the deduction on change of ownership
  14. 6-1.1-12.6-8 · Affiliated group limited to three deductions
  15. 6-1.1-12.6-9 · Voidance of rules; model residence property tax deduction
  16. 6-1.1-12.7-1 · "Certified technology park"
  17. 6-1.1-12.7-2 · "High technology activity"
  18. 6-1.1-12.7-3 · "Qualified personal property"
  19. 6-1.1-12.7-4 · Ordinance authorizing deduction
  20. 6-1.1-12.7-5 · Review; Indiana economic development corporation
  21. 6-1.1-12.7-6 · Certified deduction schedule; review by county assessor;
  22. 6-1.1-12.8-0.5 · "Affiliated group"
  23. 6-1.1-12.8-1 · "Residence in inventory"
  24. 6-1.1-12.8-2 · "Residential builder"
  25. 6-1.1-12.8-3 · Deduction
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