50 Ind. Admin. Code 22-7-1

Current through November 6, 2024

Section 50 IAC 22-7-1 - Procedure for claiming the investment deduction on real property

Authority: IC 6-1.1-12.4-13

Affected: IC 6-1.1-4-22; IC 6-1.1-12.4-2

Sec. 1.

(a) A property owner must claim the real property investment deduction for all eligible years by completing a notice on Form RPID-1 for the first year the investment deduction is claimed.

(b) Form RPID-1 is available:

(1) from the county assessor; and

(2) on the department's Web site at www.in.gov/dlgf/.

(c) The completed Form RPID-1 is to be filed with the township assessor of the township in which the property is located. The completed Form RPID-1 must be filed:

(1) by May 10 of each year; or

(2) within thirty (30) days of receipt of a notice of new assessment or reassessment given under IC 6-1.1-4-22; whichever is later.

50 IAC 22-7-1

Department of Local Government Finance; 50 IAC 22-7-1; filed Jun 15, 2006, 11:25 a.m.: 20060712-IR-050050144FRA