Title 6, TAXATION

Sec. 2.6. (a) This section applies only to a county having a consolidated city. (b) As used in this section "excluded city" has the meaning set forth in IC 36-3-1-7. (c) A designating body or a contracted entity working on the designating body's behalf that receives a formal tax …

Sec. 3. (a) An applicant must provide a statement of benefits to the designating body. If the designating body requires information from the applicant for economic revitalization area status for use in making its decision about whether to designate an economic revitalization area…

Sec. 4. (a) Except as provided in section 2(i)(4) of this chapter, and subject to section 15 of this chapter, the amount of the deduction which the property owner is entitled to receive under section 3 of this chapter for a particular year equals the product of: (1) the increase …

Sec. 4.1. (a) Section 4 of this chapter applies to economic revitalization areas that are not residentially distressed areas. (b) This subsection applies to deductions approved before July 1, 2013, for the redevelopment or rehabilitation of property located in economic revitaliza…

Sec. 4.5. (a) An applicant must provide a statement of benefits to the designating body. The applicant must provide the completed statement of benefits form to the designating body before the hearing specified in section 2.5(c) of this chapter or before the installation of the ne…

Sec. 4.6. (a) A designating body may adopt a resolution to authorize a property owner to relocate new manufacturing equipment for which a deduction is being granted under this chapter. The resolution may provide that the new manufacturing equipment may only be relocated to: (1) a…

Sec. 4.7. (a) Section 4.5(d) of this chapter does not apply to new manufacturing equipment located in a township having a population of more than three thousand nine hundred (3,900) and less than seven thousand (7,000) located in a county having a population of more than forty-th…

Sec. 4.8. (a) A property owner that is an applicant for a deduction under this section must provide a statement of benefits to the designating body. (b) If the designating body requires information from the property owner for the designating body's use in deciding whether to desi…

Sec. 5. (a) A property owner who desires to obtain the deduction provided by section 3 of this chapter must file a certified deduction application, on forms prescribed by the department of local government finance, with the auditor of the county in which the property is located. …

Sec. 5.1. (a) This subsection applies to all deductions under section 3 of this chapter for property located in a residentially distressed area. In addition to the requirements of section 5(c) of this chapter, a deduction application filed under section 5 of this chapter must con…

Sec. 5.3. (a) A property owner that desires to obtain the deduction provided by section 4.8 of this chapter must file a deduction application, on forms prescribed by the department of local government finance, with the auditor of the county in which the eligible vacant building i…

Sec. 5.4. (a) A person that desires to obtain the deduction provided by section 4.5 of this chapter must file a certified deduction schedule with the person's personal property return on a form prescribed by the department of local government finance with the township assessor of…

Sec. 5.6. (a) In addition to the requirements of section 5.4(b) of this chapter, a property owner who files a deduction schedule under section 5.4 of this chapter must provide the county auditor and the designating body with information showing the extent to which there has been …

Sec. 5.8. In lieu of providing the statement of benefits required by section 3 or 4.5 of this chapter and the additional information required by section 5.1 or 5.6 of this chapter, the designating body may, by resolution, waive the statement of benefits if the designating body fi…

benefits; notice of noncompliance; hearing; resolution; appeal Sec. 5.9. (a) This section does not apply to a deduction under section 3 of this chapter for property located in a residentially distressed area. (b) Not later than forty-five (45) days after receipt of the informatio…

Sec. 6. (a) A property owner may not receive a deduction under this chapter for repairs or improvements to real property if the property owner receives a deduction under either IC 6-1.1-12-18 (before its expiration) or IC 6-1.1-12-22 (before its expiration) for those same repairs…

Sec. 7. (a) After favorable recommendation by an economic development commission, the fiscal body of a city, town, or county may by ordinance designate as an economic development target area a specific geographic territory that: (1) has become undesirable or impossible for normal…

Sec. 8. (a) Not later than December 31 of each year, the county auditor shall publish the following in a newspaper of general interest and readership and not one of limited subject matter: (1) A list of the deduction applications that were filed under this chapter during that yea…

Sec. 9. Notwithstanding any other provision of this chapter, a designating body may not approve a statement of benefits for a deduction under section 3, 4.5, or 4.8 of this chapter after the approval deadline, which is determined in the following manner: (1) The initial approval …

Sec. 9.5. (a) As used in this section, "clerical error" includes mathematical errors and omitted signatures. (b) Except as provided in section 9 of this chapter, the designating body may by resolution waive noncompliance with the following requirements in this chapter with respec…

Sec. 1. For purposes of this chapter, "official" means: (1) a county auditor; (2) a county assessor; or (3) a township assessor (if any). As added by P.L.193-2005, SEC.8. Amended by P.L.146-2008, SEC.129.

Sec. 10. A property owner whose deduction is terminated under section 8 of this chapter may appeal the official's decision by filing a complaint in the office of the clerk of the circuit or superior court together with a bond conditioned to pay the costs of the appeal if the appe…

Sec. 11. If an appeal under section 10 of this chapter is pending, the taxes resulting from the termination of the deduction are not due until after the appeal is finally adjudicated and the termination of the deduction is finally determined. As added by P.L.193-2005, SEC.8.

Sec. 12. If ownership of the real property or new personal property changes, the deduction under this chapter continues to apply to the real property or personal property, and the amount of deduction is the product of: (1) the percentage under section 2(c)(2)(B) or 3(c)(2)(B) of …

Sec. 13. The rules of the department of local government finance at 50 IAC 22 concerning procedures governing administration of the investment property tax deduction established under this chapter are void. The publisher of the Indiana Administrative Code shall remove 50 IAC 22 f…

Sec. 14. If: (1) as the result of an error the county auditor applies a deduction under this chapter for a particular assessment date in an amount that is less than the amount to which the taxpayer is entitled under this chapter; and (2) the taxpayer is entitled to a correction o…

Sec. 2. (a) For purposes of this section, an increase in the assessed value of real property is determined in the same manner that an increase in the assessed value of real property is determined for purposes of IC 6-1.1-12.1. (b) This subsection applies only to a development, re…

Sec. 3. (a) For purposes of this section, an increase in the assessed value of personal property is determined in the same manner that an increase in the assessed value of new manufacturing equipment is determined for purposes of IC 6-1.1-12.1. (b) This subsection applies only to…

Sec. 4. A property owner may not receive a deduction under this chapter with respect to real property or personal property located in an allocation area (as defined in IC 6-1.1-21.2-3). As added by P.L.193-2005, SEC.8.

Sec. 5. A property owner that qualifies for a deduction for a year under this chapter and another statute with respect to the same: (1) real property development, redevelopment, or rehabilitation; or (2) personal property purchase; may not receive a deduction under both statutes …

Sec. 6. An official may: (1) review the creation or retention of employment from: (A) the development, redevelopment, or rehabilitation of real property; or (B) the purchase of personal property; that qualifies a property owner for a deduction under this chapter; (2) determine wh…

Sec. 7. The written notice under section 6(3) of this chapter must include the following: (1) An explanation of the reasons for the determination that the creation or retention of employment described in section 6(1) of this chapter has not occurred. (2) The date, time, and place…

Sec. 8. On the date specified in the notice described in section 6(3) of this chapter, the official shall conduct a hearing for the purpose of further considering the property owner's creation or retention of employment as described in section 6(1) of this chapter. Based on the i…

Sec. 9. If an official terminates a deduction under section 8 of this chapter: (1) the official shall immediately mail a certified copy of the determination to: (A) the property owner; and (B) if the determination is made by the county assessor or the township assessor (if any), …

Sec. 1. (a) As used in this chapter, "eligible infrastructure" means the following: (1) Storage, compressed natural gas, liquefied natural gas, transmission, and distribution facilities to be used in the delivery of natural gas, or supplemental or substitute forms of gas sources …

Sec. 2. As used in this chapter, "natural gas utility" means a utility engaged in the business of furnishing natural gas service to the public. As added by P.L.133-2013, SEC.1.

Sec. 3. As used in this chapter, "person" means a firm, association, cooperative, corporation, limited liability company, business trust, partnership, or limited liability partnership. As added by P.L.133-2013, SEC.1.

Sec. 4. A county executive, a municipal legislative body, or, in Marion County, the county fiscal body, may adopt an ordinance designating a geographic territory as an infrastructure development zone after: (1) conducting a public hearing on the proposed ordinance; (2) publishing…

Sec. 5. If an infrastructure development zone is established under this chapter, eligible infrastructure located in the zone is exempt from property taxation. As added by P.L.133-2013, SEC.1.

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 …

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…

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 sections 4, 5, and 6 of thi…

Sec. 3. (a) A property owner that qualifies for the deduction under this chapter and that desires to receive the deduction for a calendar year must complete and date a statement containing the information required by subsection (b) and file the statement with the county auditor o…

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 ten (10) model residences in Indiana. (b) The auditor of a county (referred to in this section as the "first county") with who…

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.

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.L.70-2008, SEC.1.