Indiana Statutes
§ 6-1.1-12-40 — Deductions for real property located in enterprise zones
Indiana § 6-1.1-12-40
This text of Indiana § 6-1.1-12-40 (Deductions for real property located in enterprise zones) 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 § 6-1.1-12-40 (2026).
Text
(a)This section applies only to real property
that is located in an enterprise zone established in a county containing
a consolidated city.
(b)The owner of real property described in subsection (a) is entitled
to a deduction under this section if:
(1)an obsolescence depreciation adjustment for either functional
obsolescence or economic obsolescence was allowed for the
property for property taxes assessed in the year preceding the year
in which the owner purchased the property;
(2)the property owner submits an application requesting the
deduction to the fiscal body of the county in which the property
is located; and
(3)the fiscal body of the county approves the deduction.
(c)If a county fiscal body approves a deduction under this section,
it must notify the county auditor of the appro
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
As added by P.L.198-2001, SEC.37. Amended by P.L.68-2025,
SEC.47.
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Repealed§ 6-1.1-1-14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 § 6-1.1-12-40, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/6-1.1-12-40.