§ 6-1.1-12.7-4 — Ordinance authorizing deduction

Indiana § 6-1.1-12.7-4

• Jurisdiction: Indiana
• Art. 1.1: PROPERTY TAXES
• Ch. 12.7: Deduction for Personal Property Within a Certified

Text

(a) A county fiscal body may adopt an
ordinance providing that a deduction applies to the assessed value of
qualified personal property located in the county. The deduction is
equal to one hundred percent (100%) of the assessed value of qualified
personal property located in the county for each calendar year specified
in the ordinance. An ordinance adopted under this section must be
adopted before January 1 of the first assessment year for which a
taxpayer may claim a deduction under the ordinance.
(b) An ordinance adopted under subsection (a) must specify the
number of assessment years that a deduction is allowed under this
chapter. However, a deduction may not be allowed for:
(1) less than two (2) assessment years; or
(2) more than ten (10) assessment years.
(c) The fiscal body shall send a certified copy of the ordinance
adopted under subsection (a) to the county assessor, the county auditor,
and the office of entrepreneurship and innovation. Subject to this
chapter, the fiscal body's determination of the number of years the
deduction is allowed is final and may not be changed.
(d) An ordinance adopted under subsection (a) may not allow a
deduction for qualified personal property installed after March 1, 2015.

Legislative History

As added by P.L.113-2010, SEC.28. Amended by P.L.145-2025, SEC.5.