50 Ind. Admin. Code 22-3-4

Current through November 6, 2024

Section 50 IAC 22-3-4 - Other deductions may not be claimed in conjunction with investment deduction

Authority: IC 6-1.1-12.4-13

Affected: IC 6-1.1-12.4-5

Sec. 4.

If the investment deduction has been claimed for an assessment year, all other statutory deductions as set forth in IC 6-1.1-12.4-5 shall not be claimed on the:

(1) development, redevelopment, or rehabilitation of real property; or

(2) purchase of personal property;

subject to the investment deduction.

50 IAC 22-3-4

Department of Local Government Finance; 50 IAC 22-3-4; filed Jun 15, 2006, 11:25 a.m.: 20060712-IR-050050144FRA