Statutes, codes, and regulations
Indiana Administrative Code
Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCEArticle 22 - INVESTMENT DEDUCTION
Rule 50 IAC 22-4 - Length of Investment Deduction
Section 50 IAC 22-4-1 - Length of investment deduction for real property

50 Ind. Admin. Code 22-4-1

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Current through November 6, 2024
Section 50 IAC 22-4-1 - Length of investment deduction for real property

Authority: IC 6-1.1-12.4-13

Affected: IC 6-1.1-12.4-2

Sec. 1.

The investment deduction on eligible real property:

(1) is first available in the year in which the increase in assessed value resulting from the development, redevelopment, or rehabilitation occurs; and
(2) continues for the following two (2) years.

50 IAC 22-4-1

Department of Local Government Finance; 50 IAC 22-4-1; filed Jun 15, 2006, 11:25 a.m.: 20060712-IR-050050144FRA