Indiana Statutes
§ 6-1.1-12-33 — Deduction for hydroelectric power device; limitations
Indiana § 6-1.1-12-33
This text of Indiana § 6-1.1-12-33 (Deduction for hydroelectric power device; limitations) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Ind. Code § 6-1.1-12-33 (2026).
Text
(a)For purposes of this section
"hydroelectric power device" means a device which is installed after
December 31, 1981, and is designed to utilize the kinetic power of
moving water to provide mechanical energy or to produce electricity.
(b)The owner of real property, or a mobile home that is not assessed
as real property, that is equipped with a hydroelectric power device is
annually entitled to a property tax deduction. The amount of the
deduction equals the remainder of:
(1)the assessed value of the real property or mobile home with
the hydroelectric power device; minus
(2)the assessed value of the real property or mobile home without
the hydroelectric power device.
(c)The deduction provided by this section applies only if the
property owner:
(1)owns the real property or mobile hom
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Nearby Sections
15
§ 6-1.1-1-1
Applicability§ 6-1.1-1-1.5
"Assessing official"§ 6-1.1-1-10
"Person"§ 6-1.1-1-11
"Personal property"§ 6-1.1-1-12
"Political subdivision"§ 6-1.1-1-13
Repealed§ 6-1.1-1-14
"Property taxation"§ 6-1.1-1-15
"Real property"§ 6-1.1-1-16
"School corporation"§ 6-1.1-1-17
"Special assessment"§ 6-1.1-1-18
"State agency"§ 6-1.1-1-19
"Tangible property"§ 6-1.1-1-2
"Assessment date"§ 6-1.1-1-20
"Taxing district"§ 6-1.1-1-21
"Taxing unit"Cite This Page — Counsel Stack
Bluebook (online)
Indiana § 6-1.1-12-33, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/6-1.1-12-33.