Title 6, TAXATION

Sec. 2. As used in this chapter, "high technology activity" has the meaning set forth in IC 36-7-32-7. As added by P.L.113-2010, SEC.28.

Sec. 3. As used in this chapter, "qualified personal property" means personal property that is: (1) assessed for the first time after December 31, 2010; (2) located within a certified technology park; (3) primarily used to conduct high technology activity; and (4) not part of the…

Sec. 4. (a) A county fiscal body may adopt an ordinance providing that a deduction applies to the assessed value of qualified personal property located in the county. The deduction is equal to one hundred percent (100%) of the assessed value of qualified personal property located…

Sec. 5. The office of entrepreneurship and innovation shall review an ordinance adopted under this chapter and determine whether it is in the best interest of the development of the certified technology park to permit the deduction. The office of entrepreneurship and innovation, …

Sec. 6. (a) To obtain the deduction under this chapter, an owner of qualified personal property must file a certified deduction schedule with the county assessor in which the qualified personal property is located. The department of local government finance shall prescribe the fo…

Sec. 0.5. As used in this chapter, "affiliated group" has the meaning set forth in IC 6-1.1-12.6-0.5. As added by P.L.175-2011, SEC.2.

Sec. 1. (a) As used in this chapter, "residence in inventory" means real property that: (1) is not a model residence (as defined in IC 6-1.1-12.6-1); and (2) consists of any of the following that has never been occupied: (A) A single family residence. (B) A single family townhous…

Sec. 10. The aggregate number of deductions claimed under this chapter for a particular assessment date by the owners of residences in inventory who are a part of an affiliated group may not exceed ten (10). As added by P.L.175-2011, SEC.2. Amended by P.L.157-2026, SEC.63.

Sec. 2. As used in this chapter, "residential builder" means a person that builds any of the following for sale in the ordinary course of the person's trade or business: (1) Single family residences. (2) Single family townhouses. (3) Single family condominium units. As added by P…

Sec. 3. (a) This chapter applies only to a residence in inventory that is first assessed as: (1) a partially completed structure; or (2) a fully completed structure; for the assessment date in 2012 or a later year. (b) Except as provided in subsections (c) and (d) and sections 5 …

Sec. 4. (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. 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.

Sec. 6. A property owner that qualifies for a deduction for a year under this chapter and another statute with respect to the same residence in inventory may not receive a deduction under both statutes for the residence in inventory for that year. As added by P.L.175-2011, SEC.2.

Sec. 7. (a) If ownership of the residence in inventory changes: (1) a new owner that is a residential builder for which the property is a residence in inventory may claim the deduction under this chapter; and (2) the deduction may not be applied for an assessment date other than …

Sec. 8. The rules of the department of local government finance at 50 IAC 28 concerning procedures governing applications for the residence in inventory property tax deduction established under this chapter are void. The publisher of the Indiana Administrative Code shall remove 5…

Sec. 9. (a) Subject to section 10 of this chapter, a property owner is entitled to a deduction under this chapter for an assessment date for not more than ten (10) residences in inventory in Indiana. (b) The auditor of a county (referred to in this section as the "first county") …

Sec. 1. (a) This section applies to the town of Mooresville. (b) Notwithstanding any other law, a designating body's actions taken after September 1, 1992, and before December 31, 1993, in: (1) designating an economic revitalization area; or (2) approving a statement of benefits …

Sec. 10. (a) This section applies to Benton County. (b) The definitions in IC 6-1.1-12.1-1 (as in effect before May 10, 1995) apply throughout this section. (c) Notwithstanding any other law, a designating body's actions taken before December 31, 1994, in: (1) designating an econ…

Sec. 2. (a) As used in this section, "designating body" and "economic revitalization area" have the meanings set forth in IC 6-1.1-12.1-1 (as in effect before July 1, 1995). (b) Notwithstanding any other law, a designating body's actions taken after February 1, 1991, and before J…

Sec. 3. (a) This section applies to rehabilitation or redevelopment that: (1) was initiated after January 1, 1993, and before January 1, 1994; and (2) is in the city of Rensselaer. (b) The definitions in IC 6-1.1-12.1-1 (as in effect before May 10, 1995) apply throughout this sec…

Sec. 4. (a) This section applies to a consolidated city. (b) The definitions in IC 6-1.1-12.1-1 (as in effect before December 31, 1992) apply throughout this section. (c) Notwithstanding any other law, a designating body's actions taken after February 1, 1991, and before January …

Sec. 5. (a) This section applies to the city of Winchester. (b) The definitions in IC 6-1.1-12.1-1 (as in effect before December 31, 1992) apply throughout this section. (c) Notwithstanding any other law, a designating body's actions taken before May 31, 1992, in designating an e…

Sec. 6. (a) This section applies to a taxpayer that: (1) is located in an economic revitalization area declared under IC 6-1.1-12.1 (as in effect before December 31, 1992) in the city of East Chicago; and (2) with respect to new manufacturing equipment installed by the taxpayer i…

Sec. 7. (a) This section applies to Morgan County, Bartholomew County, Floyd County, and Kosciusko County. (b) Notwithstanding any other law, a designating body's actions taken after July 1, 1991, and before December 31, 1992, in: (1) designating an economic revitalization area; …

Sec. 8. (a) This section applies only to property that is located in the town of Remington. (b) The definitions in IC 6-1.1-12.1 (as in effect before January 1, 1994) apply throughout this section. (c) A taxpayer that is otherwise eligible for a tax deduction under IC 6-1.1-12.1 …

Sec. 9. (a) This section applies to the city of Shelbyville. (b) The definitions in IC 6-1.1-12.1 (as in effect before May 10, 1995) apply throughout this section. (c) Notwithstanding any other law, a designating body's actions taken after July 1, 1991, and before December 31, 19…

Sec. 1. (a) For purposes of this section, "department" refers to: (1) the department of natural resources; or (2) the office of community and rural affairs. (b) This section applies notwithstanding: (1) the cap of zero dollars ($0) on the amount of historic rehabilitation tax cre…

Sec. 1. The following terms are defined for this chapter: (1) "Pilot program" means the department of state revenue pilot program established by section 2 of this chapter. (2) "Public employee" has the meaning set forth in IC 34-6-2.1-54. As added by P.L.147-2018, SEC.4. Amended …

Sec. 2. (a) The department of state revenue pilot program is established. (b) The purpose of the pilot program is to assist the state, other states, and other government agencies with the following tasks: (1) The administration and processing of commercial vehicle registrations a…

Sec. 3. (a) The pilot program may be staffed by persons who are not public employees. (b) The department shall determine the compensation, duties, qualifications, and terms of service for persons employed by the pilot program as either employees or independent contractors. (c) Em…

Sec. 4. Subject to approval by the budget agency, the department may enter into or execute any agreement or contract necessary to carry out the efficient operation of the pilot program. As added by P.L.147-2018, SEC.4.

Sec. 5.5. (a) Any balance remaining on June 30, 2020, in the state revenue pilot program fund established by section 5 of this chapter (before its repeal) is transferred to the motor carrier regulation fund established by IC 8-2.1-23-1. (b) Notwithstanding any other law, any proc…

Sec. 6. (a) Notwithstanding IC 5-14-3, all documents, information, or records of the pilot program pertaining to: (1) incremental pricing; (2) trade secrets; or (3) confidential financial information; may not be disclosed to the public. (b) Except as specifically provided by law,…

Sec. 7. Except as provided under state or federal law, local and state taxes may not be imposed on the pilot program. As added by P.L.147-2018, SEC.4.

Sec. 8. (a) On or before November 1 of each year, the department must submit a report to the interim study committee on roads and transportation established by IC 2-5-1.3-4. (b) The report described in subsection (a) must: (1) be in an electronic format under IC 5-14-6; and (2) c…

Sec. 9. The department may adopt rules under IC 4-22-2 to implement this chapter. As added by P.L.147-2018, SEC.4. Amended by P.L.93-2024, SEC.59.

Sec. 1. This chapter applies to taxable years beginning after December 31, 2023. As added by P.L.236-2023, SEC.67.

Sec. 10. (a) If the credit provided by this chapter exceeds a qualified taxpayer's state tax liability for the taxable year for which the credit is first claimed, the excess may be carried over to succeeding taxable years and used as a credit against the tax otherwise due and pay…

Sec. 11. (a) A qualified taxpayer may assign any part of the credit that the qualified taxpayer may claim under this chapter. A credit that is assigned under this section remains subject to this chapter. If a qualified taxpayer assigns a part of a credit during a taxable year, th…

Sec. 12. For each state fiscal year beginning after June 30, 2023, and ending before July 1, 2030, the aggregate amount of state tax credits allowed under this chapter may not exceed ten million dollars ($10,000,000). As added by P.L.236-2023, SEC.67.

Sec. 13. Any credit awarded under this chapter must be included in the calculation of the aggregate amount of applicable tax credits that the Indiana economic development corporation may certify for a state fiscal year under IC 5-28-6-9. As added by P.L.236-2023, SEC.67.

Sec. 14. The department or the office of community and rural affairs may adopt rules under IC 4-22-2 governing this chapter. As added by P.L.236-2023, SEC.67.

Sec. 15. This chapter expires January 1, 2030. As added by P.L.236-2023, SEC.67.

Sec. 2. As used in this chapter, "pass through entity" means: (1) a corporation that is exempt from the adjusted gross income tax under IC 6-3-2-2.8(2); (2) a partnership; (3) a limited liability company; or (4) a limited liability partnership. As added by P.L.236-2023, SEC.67.…

Sec. 3. As used in this chapter, "qualified historic structure" means any building that is: (1) a certified historic structure (as defined in Section 47(c)(3) of the Internal Revenue Code); (2) individually listed on the register of Indiana historic sites and historic structures;…

Sec. 4. As used in this chapter, "qualified rehabilitation expenditure" means the costs and expenses incurred by a qualified taxpayer in the restoration and preservation of a qualified historic structure that are defined as a qualified rehabilitation expenditure in Section 47(c)(…