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Indiana Code — Title 6 (Taxation)

IC 6-1.1-12.7-3

"Qualified personal property"

Official textiga.in.govlast amended

Sec. 3. As used in this chapter, "qualified personal property" means personal property that is:

# (1)

assessed for the first time after December 31, 2010;

# (2)

located within a certified technology park;

# (3)

primarily used to conduct high technology activity; and

# (4)

not part of the assessed value for which a personal property tax allocation has been made for the payment of the principal of and interest on bonds or lease rentals under IC 5-28-26, IC 6-1.1-39, IC 8-22-3.5, IC 36-7-14, IC 36-7-14.5, IC 36-7-15.1, IC 36-7-30, IC 36-7-30.5, or IC 36-7-32.
The term does not include personal property that is used primarily for routine administrative purposes such as office communications, accounting, record keeping, and human resources.
As added by P.L.113-2010, SEC.28.

Amendment history

As added by P.L.113-2010, SEC.28.

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