Section 50 IAC 10-5-1 - Maritime opportunity district deductionAuthority: IC 6-1.1-31-1
Affected: IC 6-1.1-40
Sec. 1.
(a) Applications for the maritime opportunity district deduction shall be filed in the same manner as applications for the economic revitalization area deduction as prescribed in 50 IAC 10-3. Applications for maritime opportunity district deductions shall also comply with the requirements of IC 6-1.1-40, and, to the extent there is any conflict between the provisions of 50 IAC 10-3 and IC 6-1.1-40, the provisions of IC 6-1.1-40 shall govern.(b) The department has prescribed Form MOD-1, Application for Deduction from Assessed Valuation--Maritime Opportunity District (State Form 42963), as the form on which the maritime opportunity district deduction shall be claimed.(c) The department has prescribed Form MOD-1, Application for Deduction from Assessed Valuation--Maritime Opportunity District must have been installed on or before June 30, 2018.Department of Local Government Finance; 50 IAC 10-5-1; filed Feb 8, 1996, 5:30 p.m.: 19 IR 1300; errata, 19 IR 1567Filed 11/2/2020, 9:34 a.m.: 20201202-IR-050190636FRA