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Indiana Code — Title 6 (Taxation)

IC 6-1.1-42-23

Limitation of property eligible for deductions

Official textiga.in.govlast amended

Sec. 23. With respect to property in a particular brownfield revitalization zone, the designating body may do the following:

# (1)

Limit the type of property that is eligible for a deduction within a brownfield revitalization zone to personal property or real property.

# (2)

Limit the dollar amount of the individual or aggregate deductions that will be allowed with respect to personal property.

# (3)

Limit the dollar amount of the deduction that will be allowed with respect to real property.

# (4)

Impose reasonable conditions for allowing a deduction for tangible property under this chapter. The conditions must have a reasonable relationship to the development objectives of the area in which the designating body has jurisdiction.
To exercise one (1) or more of these powers a designating body must include this fact in the resolution creating the brownfield revitalization zone that is finally passed under section 13 of this chapter.
As added by P.L.59-1997, SEC.1. Amended by P.L.119-1999, SEC.6.

Amendment history

As added by P.L.59-1997, SEC.1. Amended by P.L.119-1999, SEC.6.

Source: view the official text

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Nearby sections (25 sections)
  1. 6-1.1-42-11 · Review of statement of benefits
  2. 6-1.1-42-12 · Designation of brownfield revitalization zone
  3. 6-1.1-42-13 · Final action; expiration of designation of brownfield
  4. 6-1.1-42-14 · Appeals
  5. 6-1.1-42-15 · Hearing of appeal
  6. 6-1.1-42-16 · Procedures
  7. 6-1.1-42-17 · Application for assessed valuation deduction
  8. 6-1.1-42-18 · Statement of benefits for assessed valuation deduction
  9. 6-1.1-42-19 · Resolution adopting deduction
  10. 6-1.1-42-20 · Notice of resolution adoption; filing information with…
  11. 6-1.1-42-21 · Review of statement of benefits for assessed valuation
  12. 6-1.1-42-22 · Approval of deduction
  13. 6-1.1-42-23 · Limitation of property eligible for deductions
  14. 6-1.1-42-24 · Final action; granting of deductions; expiration
  15. 6-1.1-42-25 · Appeal of grant of deduction
  16. 6-1.1-42-26 · Hearing of appeal of grant of deduction
  17. 6-1.1-42-27 · Certified deduction application
  18. 6-1.1-42-28 · Amount of deduction
  19. 6-1.1-42-29 · Requirements for property owners filing deduction…
  20. 6-1.1-42-30 · Substantial compliance with statement of benefits; notice;
  21. 6-1.1-42-31 · Public documents and records; confidential information
  22. 6-1.1-42-32 · Publication and filing of deduction information by auditor
  23. 6-1.1-42-33 · Designating body not granted authority to exempt person…
  24. 6-1.1-42-34 · Correction of deduction errors
  25. 6-1.1-43-1 · Application of chapter
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