Indiana Statutes
§ 6-3.1-11-1 — "Applicable percentage"
Indiana § 6-3.1-11-1
This text of Indiana § 6-3.1-11-1 ("Applicable percentage") 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 § 6-3.1-11-1 (2026).
Text
As used in this chapter, "applicable percentage" means the percentage determined as follows:
(1)If a plant was placed in service at least fifteen (15) years ago
but less than thirty (30) years ago, the applicable percentage is
fifteen percent (15%).
(2)If a plant was placed in service at least thirty (30) years ago
but less than forty (40) years ago, the applicable percentage is
twenty percent (20%).
(3)If a plant was placed in service at least forty (40) years ago,
the applicable percentage is twenty-five percent (25%).
The time that has expired since a plant was placed in service shall be
determined as of the date that an application is filed with the
corporation. However, in the case of an industrial recovery site
described in section 5(2) of this chapter, the time that has expired s
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Legislative History
As added by P.L.379-1987(ss), SEC.11. Amended by
P.L.113-2011, SEC.1; P.L.288-2013, SEC.34; P.L.204-2016,
SEC.16.
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Repealed§ 6-1.1-1-14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 § 6-3.1-11-1, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/6-3.1-11-1.