Indiana Statutes
§ 6-1.1-31.5-2.5 — Improvements; application of deductions and exemptions
Indiana § 6-1.1-31.5-2.5
This text of Indiana § 6-1.1-31.5-2.5 (Improvements; application of deductions and exemptions) 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 § 6-1.1-31.5-2.5 (2026).
Text
5.
(a)Except as provided in subsection (b),
for purposes of attributing the amount of:
(1)a property tax deduction under IC 6-1.1-12;
(2)an economic revitalization area deduction under IC 6-1.1-12.1;
(3)an investment deduction under IC 6-1.1-12.4; or
(4)a property tax exemption under IC 6-1.1-10;
to the gross assessed value of a property, a deduction or exemption
described in subdivisions (1) through (4) that is specific to an
improvement shall be applied only to the assessed value allocation
pertaining to that improvement.
(b)To the extent that a deduction or exemption amount is not
specific to an improvement, the deduction or exemption amount shall
be applied to the gross assessed value of the property in the order that
will maximize the benefit of the deduction or exemption to the
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Legislative History
As added by P.L.257-2019, SEC.64.
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Repealed§ 6-1.1-1-14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 § 6-1.1-31.5-2.5, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/6-1.1-31.5-2.5.