Title 6, TITLE 6. TAXATION
297 chapters · 4,481 sections in this title.
Ind. Code § 6-1.1-12.6-0.5 "Affiliated group"
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Sec. 0.5. As used in this chapter, "affiliated group" means any combination of the following: (1) An affiliated group within the meaning provided in Section 1504 of the Internal Revenue Code (except that the ownership percentage in Section 1504(a)(2) of the Internal Revenue Code …
Ind. Code § 6-1.1-12.6-1 "Model residence"
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Sec. 1. (a) As used in this chapter, "model residence" means real property that consists of a single family residence, single family townhouse, or single family condominium unit that: (1) has never been occupied as a principal residence; and (2) is used for display or demonstrati…
Ind. Code § 6-1.1-12.6-2 Applicability; amount of deduction; termination of deduction
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on sale of residence Sec. 2. (a) This section applies only to a model residence that is first assessed as: (1) a partially completed structure; or (2) a fully completed structure; for the assessment date in 2009 or a later year. (b) Except as provided in subsection (c) and sectio…
Ind. Code § 6-1.1-12.6-2.1 Expired
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As added by P.L.167-2009, SEC.1. Expired 1-1-2011 by P.L.167-2009, SEC.1.
Ind. Code § 6-1.1-12.6-3 Statement to claim deduction and information required; filing
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requirement; county auditor duties Sec. 3. (a) A property owner that qualifies for the deduction under this chapter and that desires to receive the deduction must complete and date a statement containing the information required by subsection (b) in the calendar year for which th…
Ind. Code § 6-1.1-12.6-4 Limitation of deduction to three residences; procedure for
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enforcement Sec. 4. (a) Subject to section 8 of this chapter, a property owner is entitled to a deduction under this chapter for an assessment date for not more than three (3) model residences in Indiana. (b) The auditor of a county (referred to in this section as the "first coun…
Ind. Code § 6-1.1-12.6-5 Deduction inapplicable in allocation area
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Sec. 5. A property owner may not receive a deduction under this chapter with respect to a model residence located in an allocation area (as defined in IC 6-1.1-21.2-3). As added by P.L.70-2008, SEC.1.
Ind. Code § 6-1.1-12.6-6 Prohibition against application of the deduction and a
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deduction under another statute Sec. 6. A property owner that qualifies for a deduction for a year under this chapter and another statute with respect to the same model residence may not receive a deduction under both statutes for the model residence for that year. As added by P.…
Ind. Code § 6-1.1-12.6-7 Application of the deduction on change of ownership
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Sec. 7. (a) If ownership of the model residence changes: (1) a new owner that continues to use the property as a model residence may claim the deduction under this chapter; and (2) the deduction may not be applied for an assessment date other than the assessment dates to which th…
Ind. Code § 6-1.1-12.6-8 Affiliated group limited to three deductions
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Sec. 8. The aggregate number of deductions claimed under this chapter for a particular assessment date by the owners of model residences who are a part of an affiliated group may not exceed three (3). As added by P.L.70-2008, SEC.1.
Ind. Code § 6-1.1-12.6-9 Voidance of rules; model residence property tax deduction
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Sec. 9. The rules of the department of local government finance at 50 IAC 25 concerning procedures governing applications for the model residence property tax deduction established under this chapter are void. The publisher of the Indiana Administrative Code shall remove 50 IAC 2…