Indiana § 6-1.1-12.1-18 Enhanced abatement for certain business personal property;
specification of percentage amount; maximum duration; review of
compliance with statement of benefits

Indiana Statutes

§ 6-1.1-12.1-18 — Enhanced abatement for certain business personal property; specification of percentage amount; maximum duration; review of compliance with statement of benefits

Indiana § 6-1.1-12.1-18

Art. 1.1PROPERTY TAXES

Ch. 12.1Deduction for Rehabilitation or Redevelopment of

This text of Indiana § 6-1.1-12.1-18 (Enhanced abatement for certain business personal property; specification of percentage amount; maximum duration; review of compliance with statement of benefits) 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 § 6-1.1-12.1-18 (2026).

Text

(a)This section applies to a deduction provided under section 4.5 of this chapter for new personal property with respect to a statement of benefits approved after June 30, 2015.

(b)As used in this section, "business personal property" means personal property that:

(1)is otherwise subject to assessment and taxation under this article; and

(2)is used in a trade or business or otherwise held, used, or consumed in connection with the production of income. The term does not include mobile homes assessed under IC 6-1.1-7, personal property held as an investment, or personal property that is assessed under IC 6-1.1-8 and is owned by a public utility subject to regulation by the Indiana utility regulatory commission. However, the term does include the personal property of a telephone company o

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(a) This section applies to a deduction
provided under section 4.5 of this chapter for new personal property
with respect to a statement of benefits approved after June 30, 2015.
(b) As used in this section, "business personal property" means
personal property that:
(1) is otherwise subject to assessment and taxation under this
article; and
(2) is used in a trade or business or otherwise held, used, or
consumed in connection with the production of income.
The term does not include mobile homes assessed under IC 6-1.1-7,
personal property held as an investment, or personal property that is
assessed under IC 6-1.1-8 and is owned by a public utility subject to
regulation by the Indiana utility regulatory commission. However, the
term does include the personal property of a telephone company or a
communications service provider if that personal property meets the
requirements of subdivisions (1) through (2), regardless of whether that
personal property is assessed under IC 6-1.1-8 and regardless of
whether the telephone company or communications service provider is
subject to regulation by the Indiana utility regulatory commission.
(c) As used in this section, "new personal property" means business
personal property that:
(1) a taxpayer places in service after the date the taxpayer's
statement of benefits is approved by the designating body; and
(2) has not previously been used in Indiana before the taxpayer
acquires the business personal property.
(d) A designating body may establish an enhanced abatement
schedule for a deduction described in subsection (a). An enhanced
abatement schedule established under this subsection:
(1) must specify the percentage amount of the deduction for each
year of the deduction; and
(2) may not exceed twenty (20) years.
(e) If a taxpayer is granted a deduction under section 4.5 of this
chapter on an abatement schedule that exceeds ten (10) years through
an enhanced abatement schedule established under subsection (d), the
designating body shall conduct a public hearing to review the
taxpayer's compliance with the statement of benefits provided to the
designating body under this chapter after the tenth year of the
abatement.