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·Art. 1.1 PROPERTY TAXES·Ch. 45 Enterprise Zone Investment Deduction

(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.

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(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.

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