§ 6-1.1-12-39 — Person not qualified for exemption purchasing exempt property under contract for sale; entitlement to deduction

Indiana § 6-1.1-12-39

• Jurisdiction: Indiana
• Art. 1.1: PROPERTY TAXES
• Ch. 12: Assessed Value Deductions and Deduction Procedures

Text

(a) A person who is:
(1) purchasing property under a contract that does not require the
buyer to pay property taxes on the property; and
(2) required to pay property taxes under IC 6-1.1-10-41;
is eligible for a deduction granted by this chapter to the same extent as
a person who is buying property under a contract that provides the
contract buyer is to pay property taxes on the property.
(b) To obtain the deduction, with the application the applicant must
provide:
(1) the same information concerning the contract that is required
for contracts that require the buyer to pay property taxes; and
(2) information that indicates that IC 6-1.1-10-41 applies to the
property.

Legislative History

As added by P.L.31-1994, SEC.2.