Indiana Statutes
§ 6-1.1-12.8-3 — Deduction
Indiana § 6-1.1-12.8-3
This text of Indiana § 6-1.1-12.8-3 (Deduction) 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 § 6-1.1-12.8-3 (2026).
Text
(a)This chapter applies only to a residence
in inventory that is first assessed as:
(1)a partially completed structure; or
(2)a fully completed structure;
for the assessment date in 2012 or a later year.
(b)Except as provided in subsections (c) and (d) and sections 5 and
6 of this chapter, and subject to section 7 of this chapter, a residential
builder that is the owner of a residence in inventory is entitled to a
deduction from the assessed value of the residence in inventory in the
amount of fifty percent (50%) of the assessed value of the residence in
inventory for the following:
(1)Not more than one (1) assessment date for which the residence
in inventory is assessed as a partially completed structure.
(2)The assessment date for which the residence in inventory is
first assessed
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Legislative History
As added by P.L.175-2011, SEC.2.
Nearby Sections
15
§ 6-1.1-1-1
Applicability§ 6-1.1-1-1.5
"Assessing official"§ 6-1.1-1-10
"Person"§ 6-1.1-1-11
"Personal property"§ 6-1.1-1-12
"Political subdivision"§ 6-1.1-1-13
Repealed§ 6-1.1-1-14
"Property taxation"§ 6-1.1-1-15
"Real property"§ 6-1.1-1-16
"School corporation"§ 6-1.1-1-17
"Special assessment"§ 6-1.1-1-18
"State agency"§ 6-1.1-1-19
"Tangible property"§ 6-1.1-1-2
"Assessment date"§ 6-1.1-1-20
"Taxing district"§ 6-1.1-1-21
"Taxing unit"Cite This Page — Counsel Stack
Bluebook (online)
Indiana § 6-1.1-12.8-3, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/6-1.1-12.8-3.