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6-1.1-42-17. Application for assessed valuation deduction

IN Code § 6-1.1-42-17 (2019) (N/A)
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Sec. 17. (a) A person may apply for an assessed valuation deduction for:

(1) real property; and

(2) personal property;

located in an area designated as a brownfield revitalization zone.

(b) An application for a deduction for an improvement to a brownfield revitalization zone or personal property located in a brownfield revitalization area must:

(1) be submitted to the designating body before the date that the improvement is initiated or, if the deduction is for personal property, the property is brought into the area;

(2) contain sufficient information for the designating body to approve the deduction; and

(3) be submitted in the form prescribed by the department of local government finance.

As added by P.L.59-1997, SEC.1. Amended by P.L.90-2002, SEC.283; P.L.146-2008, SEC.302.

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6-1.1-42-16. Procedures
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6-1.1-42-18. Statement of benefits for assessed valuation deduction