Sec. 5. A property owner may not receive a deduction under this chapter with respect to a residence in inventory located in an allocation area (as defined in IC 6-1.1-21.2-3). As added by P.L.175-2011, SEC.2.
Allocation area; deduction disallowed
Ind. Code § 6-1.1-12.8-5, under Deduction for Residence in Inventory.
Ind. Code § 6-1.1-12.8-5