Indiana § 6-1.1-12.1-5.8 Waiver of statement of benefits

Indiana Statutes

§ 6-1.1-12.1-5.8 — Waiver of statement of benefits

Indiana § 6-1.1-12.1-5.8

Art. 1.1PROPERTY TAXES

Ch. 12.1Deduction for Rehabilitation or Redevelopment of

This text of Indiana § 6-1.1-12.1-5.8 (Waiver of 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 § 6-1.1-12.1-5.8 (2026).

Text

8.In lieu of providing the statement of benefits required by section 3 or 4.5 of this chapter and the additional information required by section 5.1 or 5.6 of this chapter, the designating body may, by resolution, waive the statement of benefits if the designating body finds that the purposes of this chapter are served by allowing the deduction and the property owner has, during the thirty-six (36) months preceding the first assessment date to which the waiver would apply, installed new manufacturing equipment, new farm equipment, new research and development equipment, new logistical distribution equipment, or new information technology equipment or developed or rehabilitated property at a cost of at least ten million dollars ($10,000,000) as determined by the assessor of the township in

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8. In lieu of providing the statement of
benefits required by section 3 or 4.5 of this chapter and the additional
information required by section 5.1 or 5.6 of this chapter, the
designating body may, by resolution, waive the statement of benefits if
the designating body finds that the purposes of this chapter are served
by allowing the deduction and the property owner has, during the
thirty-six (36) months preceding the first assessment date to which the
waiver would apply, installed new manufacturing equipment, new farm
equipment, new research and development equipment, new logistical
distribution equipment, or new information technology equipment or
developed or rehabilitated property at a cost of at least ten million
dollars ($10,000,000) as determined by the assessor of the township in
which the property is located, or by the county assessor if there is no
township assessor for the township.

Legislative History

As added by P.L.47-1990, SEC.3. Amended by P.L.14-1991, SEC.7; P.L.4-2000, SEC.10; P.L.90-2002, SEC.123; P.L.256-2003, SEC.6; P.L.64-2004, SEC.10 and P.L.81-2004, SEC.54; P.L.146-2008, SEC.127; P.L.8-2022, SEC.10.