Indiana § 6-1.1-12.1-5.1 Application; compliance with statement of benefits

Indiana Statutes

§ 6-1.1-12.1-5.1 — Application; compliance with statement of benefits

Indiana § 6-1.1-12.1-5.1

Art. 1.1PROPERTY TAXES

Ch. 12.1Deduction for Rehabilitation or Redevelopment of

This text of Indiana § 6-1.1-12.1-5.1 (Application; 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 § 6-1.1-12.1-5.1 (2026).

Text

1.

(a)This subsection applies to all deductions under section 3 of this chapter for property located in a residentially distressed area. In addition to the requirements of section 5(c) of this chapter, a deduction application filed under section 5 of this chapter must contain information showing the extent to which there has been compliance with the statement of benefits approved under section 3 of this chapter.

(b)This subsection applies to each deduction (other than a deduction for property located in a residentially distressed area) for which a statement of benefits was approved under section 3 of this chapter, including a deduction for a new agricultural improvement. In addition to the requirements of section 5(c) of this chapter, a property owner who files a deduction application un

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1. (a) This subsection applies to all
deductions under section 3 of this chapter for property located in a
residentially distressed area. In addition to the requirements of section
5(c) of this chapter, a deduction application filed under section 5 of this
chapter must contain information showing the extent to which there has
been compliance with the statement of benefits approved under section
3 of this chapter.
(b) This subsection applies to each deduction (other than a
deduction for property located in a residentially distressed area) for
which a statement of benefits was approved under section 3 of this
chapter, including a deduction for a new agricultural improvement. In
addition to the requirements of section 5(c) of this chapter, a property
owner who files a deduction application under section 5 of this chapter
must provide the county auditor and the designating body with
information showing the extent to which there has been compliance
with the statement of benefits approved under section 3 of this chapter.
This information must be included in the deduction application and
must also be updated each year in which the deduction is applicable at
the same time that the property owner is required to file a personal
property tax return in the taxing district in which the property for which
the deduction was granted is located. If the taxpayer does not file a
personal property tax return in the taxing district in which the property
is located, the information must be provided before May 15.
(c) Notwithstanding IC 5-14-3 and IC 6-1.1-35-9, the following
information is a public record if filed under this section:
(1) The name and address of the taxpayer.
(2) The location and description of the property for which the
deduction was granted.
(3) Any information concerning the number of employees at the
property for which the deduction was granted, including estimated
totals that were provided as part of the statement of benefits.
(4) Any information concerning the total of the salaries paid to
those employees, including estimated totals that were provided as
part of the statement of benefits.
(5) Any information concerning the assessed value of the
property, including estimates that were provided as part of the
statement of benefits.
(d) The following information is confidential if filed under this
section:
(1) Any information concerning the specific salaries paid to
individual employees by the property owner.
(2) Any information concerning the cost of the property.

Legislative History

As added by P.L.82-1987, SEC.4. Amended by P.L.56-1988, SEC.8; P.L.14-1991, SEC.4; P.L.65-1993, SEC.7; P.L.193-2005, SEC.2; P.L.288-2013, SEC.14; P.L.8-2022, SEC.7.