Title 6, TITLE 6. TAXATION
297 chapters · 4,481 sections in this title.
Ind. Code § 6-1.1-10.3-1 "Business personal property"
1.0K chars
Sec. 1. As used in this chapter, "business personal property" means personal property that: (1) is otherwise subject to assessment and taxation under this article; and (2) is used in a trade or business or otherwise held, used, or consumed in connection with the production of inc…
Ind. Code § 6-1.1-10.3-2 "Local income tax council"
0.2K chars
Sec. 2. As used in this chapter, "local income tax council" refers to the local income tax council established by IC 6-3.6-3-1 for a county. As added by P.L.80-2014, SEC.2. Amended by P.L.197-2016, SEC.8.
Ind. Code § 6-1.1-10.3-3 "Exemption ordinance"
0.2K chars
Sec. 3. As used in this chapter, "exemption ordinance" refers to an ordinance adopted under section 5 of this chapter by a local income tax council. As added by P.L.80-2014, SEC.2. Amended by P.L.197-2016, SEC.9.
Ind. Code § 6-1.1-10.3-4 "New personal property"
0.4K chars
Sec. 4. As used in this chapter, "new personal property" means business personal property that: (1) a taxpayer places in service after the later of the date the exemption ordinance is adopted or a date specified in the exemption ordinance; and (2) has not previously been used in …
Ind. Code § 6-1.1-10.3-5 Adoption of exemption ordinance by local income tax council
1.2K chars
Sec. 5. (a) A local income tax council may adopt an exemption ordinance that exempts new personal property located in the county from property taxation as provided in section 6 of this chapter. (b) For purposes of adopting an exemption ordinance under this chapter, a local income…
Ind. Code § 6-1.1-10.3-6 Application of exemption ordinance to all new personal
0.1K chars
property Sec. 6. An exemption ordinance adopted under this chapter must exempt all new personal property. As added by P.L.80-2014, SEC.2.
Ind. Code § 6-1.1-10.3-7 Repeal or amendment of exemption ordinance
0.6K chars
Sec. 7. A local income tax council may repeal or amend an exemption ordinance. However, if a local income tax council repeals or amends an exemption ordinance, any new personal property that was exempt under the exemption ordinance on the date the new personal property was placed…
Ind. Code § 6-1.1-10.3-8 Application not required
0.2K chars
Sec. 8. A taxpayer is not required to file an application or a personal property tax return to qualify for an exemption under this chapter. As added by P.L.80-2014, SEC.2.