Indiana § 6-1.1-46.2-7 Entitlement to deduction; eligible vacant building used for commercial
or industrial purposes

Indiana Statutes

§ 6-1.1-46.2-7 — Entitlement to deduction; eligible vacant building used for commercial or industrial purposes

Indiana § 6-1.1-46.2-7

Art. 1.1PROPERTY TAXES

Ch. 46.2Abatement Deduction for Vacant Buildings in an

This text of Indiana § 6-1.1-46.2-7 (Entitlement to deduction; eligible vacant building used for commercial or industrial purposes) 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 § 6-1.1-46.2-7 (2026).

Text

Except as otherwise provided in this chapter, if an application is approved by resolution of the district board and by resolution of the fiscal body of the municipality under section 6 of this chapter, the owner of the eligible vacant building is entitled to a deduction from the assessed value of the building if the property owner or a tenant of the property owner occupies the eligible vacant building and uses it for commercial or industrial purposes. The property owner is entitled to the deduction:

(1)for the first year in which the property owner or a tenant of the property owner occupies the eligible vacant building and uses it for commercial or industrial purposes; and

(2)for subsequent years determined in the abatement schedule under section 8 of this chapter in which the property o

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Except as otherwise provided in this chapter,
if an application is approved by resolution of the district board and by
resolution of the fiscal body of the municipality under section 6 of this
chapter, the owner of the eligible vacant building is entitled to a
deduction from the assessed value of the building if the property owner
or a tenant of the property owner occupies the eligible vacant building
and uses it for commercial or industrial purposes. The property owner
is entitled to the deduction:
(1) for the first year in which the property owner or a tenant of the
property owner occupies the eligible vacant building and uses it
for commercial or industrial purposes; and
(2) for subsequent years determined in the abatement schedule
under section 8 of this chapter in which the property owner or a
tenant of the property owner occupies the eligible vacant building
and uses it for commercial or industrial purposes.