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Indiana Code — Title 6 (Taxation)

IC 6-1.1-12.7-4

Ordinance authorizing deduction

Official textiga.in.govlast amended

Sec. 4. (a) A county fiscal body may adopt an ordinance providing that a deduction applies to the assessed value of qualified personal property located in the county. The deduction is equal to one hundred percent (100%) of the assessed value of qualified personal property located in the county for each calendar year specified in the ordinance. An ordinance adopted under this section must be adopted before January 1 of the first assessment year for which a taxpayer may claim a deduction under the ordinance.

(b) An ordinance adopted under subsection (a) must specify the number of assessment years that a deduction is allowed under this chapter. However, a deduction may not be allowed for:

# (1)

less than two (2) assessment years; or

# (2)

more than ten (10) assessment years.

(c) The fiscal body shall send a certified copy of the ordinance adopted under subsection

(a) to the county assessor, the county auditor, and the office of entrepreneurship and innovation. Subject to this chapter, the fiscal body's determination of the number of years the deduction is allowed is final and may not be changed.

(d) An ordinance adopted under subsection (a) may not allow a deduction for qualified personal property installed after March 1, 2015.
As added by P.L.113-2010, SEC.28. Amended by P.L.145-2025, SEC.5.

Amendment history

As added by P.L.113-2010, SEC.28. Amended by P.L.145-2025, SEC.5.

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