Indiana § 6-1.1-45-12 Deduction limitation; claiming deduction after expiration of zone

Indiana Statutes

§ 6-1.1-45-12 — Deduction limitation; claiming deduction after expiration of zone

Indiana § 6-1.1-45-12

Art. 1.1PROPERTY TAXES

Ch. 45Enterprise Zone Investment Deduction

This text of Indiana § 6-1.1-45-12 (Deduction limitation; claiming deduction after expiration of zone) 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 § 6-1.1-45-12 (2026).

Text

(a)Subject to subsection (b), a taxpayer may claim a deduction under this chapter for property other than property located in a consolidated city for an assessment date that occurs after:

(1)the expiration of the enterprise zone in which the enterprise zone property for which the taxpayer made the qualified investment is located; or

(2)the expiration of the entrepreneur and enterprise district in which the entrepreneur and enterprise district property for which the taxpayer made the qualified investment under IC 5-28-15.5 is located.

(b)A taxpayer may not claim a deduction under this chapter for more than ten (10) years.

Free access — add to your briefcase to read the full text and ask questions with AI

(a) Subject to subsection (b), a taxpayer may
claim a deduction under this chapter for property other than property
located in a consolidated city for an assessment date that occurs after:
(1) the expiration of the enterprise zone in which the enterprise
zone property for which the taxpayer made the qualified
investment is located; or
(2) the expiration of the entrepreneur and enterprise district in
which the entrepreneur and enterprise district property for which
the taxpayer made the qualified investment under IC 5-28-15.5 is
located.
(b) A taxpayer may not claim a deduction under this chapter for
more than ten (10) years.