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Indiana Code — Title 6 (Taxation)

IC 6-1.1-45-12

Deduction limitation; claiming deduction after expiration of

Official textiga.in.govlast amended

zone
Sec. 12. (a) Subject to subsection (b), a taxpayer may claim a deduction under this chapter for property other than property located in a consolidated city for an assessment date that occurs after:

# (1)

the expiration of the enterprise zone in which the enterprise zone property for which the taxpayer made the qualified investment is located; or

# (2)

the expiration of the entrepreneur and enterprise district in which the entrepreneur and enterprise district property for which the taxpayer made the qualified investment under IC 5-28-15.5 is located.

(b) A taxpayer may not claim a deduction under this chapter for more than ten (10) years.
As added by P.L.214-2005, SEC.16. Amended by P.L.211-2007, SEC.7; P.L.238-2017,
SEC.17.

Amendment history

As added by P.L.214-2005, SEC.16. Amended by P.L.211-2007, SEC.7; P.L.238-2017, SEC.17.

Source: view the official text

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Nearby sections (25 sections)
  1. 6-1.1-45-3.5 · "District business"
  2. 6-1.1-45-4 · "Enterprise zone"
  3. 6-1.1-45-5 · "Enterprise zone location"
  4. 6-1.1-45-6 · "Enterprise zone property"
  5. 6-1.1-45-6.2 · "Entrepreneur and enterprise district"
  6. 6-1.1-45-6.4 · "Entrepreneur and enterprise district location"
  7. 6-1.1-45-6.6 · "Entrepreneur and enterprise district property"
  8. 6-1.1-45-7 · "Qualified investment"
  9. 6-1.1-45-8 · "Zone business"
  10. 6-1.1-45-9 · Eligibility for deduction; amount; conditions; approval by
  11. 6-1.1-45-10 · Deduction application; extension
  12. 6-1.1-45-11 · Eligibility; appeals
  13. 6-1.1-45-12 · Deduction limitation; claiming deduction after expiration…
  14. 6-1.1-45.5-1 · Definitions
  15. 6-1.1-45.5-2 · Form and content of petition
  16. 6-1.1-45.5-3 · County auditor action on petition; correction of defects;
  17. 6-1.1-45.5-4 · County property tax assessment board of appeals hearing;
  18. 6-1.1-45.5-5 · County property tax assessment board of appeals
  19. 6-1.1-45.5-6 · Review and recommendation by fiscal body; notice;
  20. 6-1.1-45.5-7 · Review and action by department of local government…
  21. 6-1.1-45.5-8 · Notice of action of department of local government…
  22. 6-1.1-45.5-9 · Appeal of action of department of local government…
  23. 6-1.1-46-1 · Definitions
  24. 6-1.1-46-2 · Adoption of ordinance
  25. 6-1.1-46-3 · Change of deduction percentage
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