Exclusion of federal income tax credits in the determination of

Official textiga.in.govlast amended 2004

the assessed value of low income housing tax credit property
Sec. 40. The value of federal income tax credits awarded under Section 42 of the Internal
Revenue Code may not be considered in determining the assessed value of low income housing tax credit property.
As added by P.L.81-2004, SEC.58.

Amendment history

As added by P.L.81-2004, SEC.58.

Source: view the official text

Nearby sections (25 sections)

6-1.1-4-31.5 · State conducted assessment or reassessment; notice; state
6-1.1-4-31.6 · Informal hearings by professional appraiser contractor;
6-1.1-4-31.7 · Appeal of assessment or reassessment to Indiana board;
6-1.1-4-32 · Repealed
6-1.1-4-33 · Repealed
6-1.1-4-34 · Repealed
6-1.1-4-35 · Repealed
6-1.1-4-36 · Repealed
6-1.1-4-37 · Repealed
6-1.1-4-38 · Repealed
6-1.1-4-39 · Assessment of rental property and mobile homes; low income
6-1.1-4-39.5 · Assessment of qualified real property
6-1.1-4-40 · Exclusion of federal income tax credits in the…
6-1.1-4-41 · Assessment of low income rental housing
6-1.1-4-42 · True tax value of golf course real property determined…
6-1.1-4-43 · Repealed
6-1.1-4-43.5 · Assessment of certain commercial property; cost approach;
6-1.1-4-44 · Repealed
6-1.1-4-44.5 · Land classified as residential excess land; application…
6-1.1-4-45 · Assessment of land on which an outdoor sign is located
6-1.1-4-46 · Assessment of self-service storage facility
6-1.1-4-47 · Community land trust assessed value
6-1.1-5-1 · Plats
6-1.1-5-2 · Index numbering system
6-1.1-5-3 · Plats; entry on tax list

Full table of contents →