Indiana § 6-1.1-42-17 Application for assessed valuation deduction

Indiana Statutes

§ 6-1.1-42-17 — Application for assessed valuation deduction

Indiana·Art. 1.1 PROPERTY TAXES·Ch. 42 Brownfield Revitalization Zone Tax Abatement

(a)A person may apply for an assessed valuation deduction for:

(1)real property; and

(2)personal property; located in an area designated as a brownfield revitalization zone.

(b)An application for a deduction for an improvement to a brownfield revitalization zone or personal property located in a brownfield revitalization area must:

(1)be submitted to the designating body before the date that the improvement is initiated or, if the deduction is for personal property, the property is brought into the area;

(2)contain sufficient information for the designating body to approve the deduction; and

(3)be submitted in the form prescribed by the department of local government finance.

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(a) A person may apply for an assessed
valuation deduction for:
(1) real property; and
(2) personal property;
located in an area designated as a brownfield revitalization zone.
(b) An application for a deduction for an improvement to a
brownfield revitalization zone or personal property located in a
brownfield revitalization area must:
(1) be submitted to the designating body before the date that the
improvement is initiated or, if the deduction is for personal
property, the property is brought into the area;
(2) contain sufficient information for the designating body to
approve the deduction; and
(3) be submitted in the form prescribed by the department of local
government finance.

Indiana § 6-1.1-42-17 (Application for assessed valuation deduction) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.