Indiana § 6-1.1-10.3-7 Repeal or amendment of exemption ordinance

Indiana Statutes

§ 6-1.1-10.3-7 — Repeal or amendment of exemption ordinance

Indiana § 6-1.1-10.3-7

Art. 1.1PROPERTY TAXES

Ch. 10.3County Option Exemption of Business Personal

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Bluebook

Ind. Code § 6-1.1-10.3-7 (2026).

Text

Note: This version of section effective until 7-1-2027. See also following version of this section, effective 7-1-2027. Sec.

7.A local income tax council may repeal or amend an exemption ordinance. However, if a local income tax council repeals or amends an exemption ordinance, any new personal property that was exempt under the exemption ordinance on the date the new personal property was placed into service by a taxpayer remains exempt from property taxation, regardless of whether or not the ownership of the new personal property changes after the date the exemption ordinance is amended or repealed.

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Note: This version of section effective until 7-1-2027. See also
following version of this section, effective 7-1-2027.
Sec. 7. A local income tax council may repeal or
amend an exemption ordinance. However, if a local income tax council
repeals or amends an exemption ordinance, any new personal property
that was exempt under the exemption ordinance on the date the new
personal property was placed into service by a taxpayer remains
exempt from property taxation, regardless of whether or not the
ownership of the new personal property changes after the date the
exemption ordinance is amended or repealed.