Indiana § 6-1.1-12.1-4.1 Application of sections; residentially distressed areas; deduction
allowed

Indiana Statutes

§ 6-1.1-12.1-4.1 — Application of sections; residentially distressed areas; deduction allowed

Indiana § 6-1.1-12.1-4.1

Art. 1.1PROPERTY TAXES

Ch. 12.1Deduction for Rehabilitation or Redevelopment of

This text of Indiana § 6-1.1-12.1-4.1 (Application of sections; residentially distressed areas; deduction allowed) 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 § 6-1.1-12.1-4.1 (2026).

Text

1.

(a)Section 4 of this chapter applies to economic revitalization areas that are not residentially distressed areas.

(b)This subsection applies to deductions approved before July 1, 2013, for the redevelopment or rehabilitation of property located in economic revitalization areas that are residentially distressed areas. Subject to section 15 of this chapter, the amount of the deduction that a property owner is entitled to receive under section 3 of this chapter for a particular year equals the lesser of:

(1)the assessed value of the improvement to the property after the rehabilitation or redevelopment has occurred; or

(2)the following amount:

(c)This subsection applies to deductions approved after June 30, 2013, for the redevelopment or rehabilitation of property located in economic

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1. (a) Section 4 of this chapter applies to
economic revitalization areas that are not residentially distressed areas.
(b) This subsection applies to deductions approved before July 1,
2013, for the redevelopment or rehabilitation of property located in
economic revitalization areas that are residentially distressed areas.
Subject to section 15 of this chapter, the amount of the deduction that
a property owner is entitled to receive under section 3 of this chapter
for a particular year equals the lesser of:
(1) the assessed value of the improvement to the property after the
rehabilitation or redevelopment has occurred; or
(2) the following amount:
(c) This subsection applies to deductions approved after June 30,
2013, for the redevelopment or rehabilitation of property located in
economic revitalization areas that are residentially distressed areas.
Subject to section 15 of this chapter, the amount of the deduction the
property owner is entitled to receive under section 3 of this chapter in
a residentially distressed area for a particular year equals the product
of:
(1) the increase in the assessed value resulting from the
rehabilitation or redevelopment; multiplied by
(2) the percentage determined under section 17 of this chapter.

Legislative History

As added by P.L.56-1988, SEC.5. Amended by P.L.3-1989, SEC.36; P.L.65-1993, SEC.4; P.L.6-1997, SEC.58; P.L.20-2004, SEC.9; P.L.219-2007, SEC.30; P.L.288-2013, SEC.9.