Indiana § 6-3.1-34-5 "Placed in service"

Indiana Statutes

§ 6-3.1-34-5 — "Placed in service"

Indiana § 6-3.1-34-5

Art. 3.1STATE TAX LIABILITY CREDITS

Ch. 34Redevelopment Tax Credit

This text of Indiana § 6-3.1-34-5 ("Placed in service") 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 § 6-3.1-34-5 (2026).

Text

As used in this chapter, "placed in service"
means that property is placed in a condition or state of readiness and
available to be occupied. In the case of a qualified redevelopment site
comprised of a complex of buildings, the entire qualified
redevelopment site shall be considered to have been placed in service
on the date that a building was placed in service if the building has
floor space that, when aggregated with the floor space of all buildings
in the complex placed in service on earlier dates, exceeds fifty percent
(50%) of the total floor space of all buildings in the complex.

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As used in this chapter, "placed in service"
means that property is placed in a condition or state of readiness and
available to be occupied. In the case of a qualified redevelopment site
comprised of a complex of buildings, the entire qualified
redevelopment site shall be considered to have been placed in service
on the date that a building was placed in service if the building has
floor space that, when aggregated with the floor space of all buildings
in the complex placed in service on earlier dates, exceeds fifty percent
(50%) of the total floor space of all buildings in the complex.