Indiana Code — Title 6 (Taxation)
IC 6-3.1-34-5
"Placed in service"
Sec. 5. As used in this chapter, "placed in service" means that property is placed in a condition or state of readiness and available to be occupied. In the case of a qualified redevelopment site comprised of a complex of buildings, the entire qualified redevelopment site shall be considered to have been placed in service on the date that a building was placed in service if the building has floor space that, when aggregated with the floor space of all buildings in the complex placed in service on earlier dates, exceeds fifty percent (50%) of the total floor space of all buildings in the complex.
As added by P.L.158-2019, SEC.29.
Amendment history
As added by P.L.158-2019, SEC.29.
Source: view the official text
Nearby sections (25 sections)
- 6-3.1-30.5-9.5 · Unused credit carried forward; taxable years beginning…
- 6-3.1-30.5-10 · Pass through entities
- 6-3.1-30.5-11 · Claim of credit; submission of information
- 6-3.1-30.5-12 · Use of contribution
- 6-3.1-30.5-13 · Maximum amount of credit
- 6-3.1-30.5-14 · Information posted by the department
- 6-3.1-30.5-15 · Adoption of rules
- 6-3.1-34-1 · "Board"
- 6-3.1-34-2 · "Corporation"
- 6-3.1-34-3 · "Floor space"
- 6-3.1-34-3.5 · "Mine reclamation site"
- 6-3.1-34-4 · "Pass through entity"
- 6-3.1-34-5 · "Placed in service"
- 6-3.1-34-6 · "Qualified redevelopment site"
- 6-3.1-34-7 · "Qualified investment"
- 6-3.1-34-8 · "Rehabilitation"
- 6-3.1-34-9 · "State tax liability"
- 6-3.1-34-10 · "Taxpayer"
- 6-3.1-34-11 · Application; amount of credit; pass through entity
- 6-3.1-34-12 · Allocation of credit against taxes owed; order;…
- 6-3.1-34-13 · Credit carryover
- 6-3.1-34-14 · Credit assignment
- 6-3.1-34-15 · Requirements to be awarded a credit
- 6-3.1-34-16 · Factors considered in determining whether to award a…
- 6-3.1-34-17 · Requirement that taxpayer enter into agreement with the