Indiana Statutes
§ 6-1.1-12-34 — Deduction for geothermal energy heating or cooling device; limitations
Indiana § 6-1.1-12-34
This text of Indiana § 6-1.1-12-34 (Deduction for geothermal energy heating or cooling 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 § 6-1.1-12-34 (2026).
Text
(a)For purposes of this section, "geothermal
energy heating or cooling device" means a device that is installed after
December 31, 1981, and is designed to utilize the natural heat from the
earth to provide hot water, produce electricity, or generate heating or
cooling.
(b)The owner of real property, or a mobile home that is not assessed
as real property, that is equipped with a geothermal energy heating or
cooling 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 geothermal heating or
cooling device; minus (2) the assessed value of the real property or
mobile home without the geothermal heating or cooling device.
(c)The deduction provided by this section appli
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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Repealed§ 6-1.1-1-14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 § 6-1.1-12-34, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/6-1.1-12-34.