Section 50 IAC 22-8-1 - Processing of real property investment deductionAuthority: IC 6-1.1-12.4-13
Affected: IC 6-1.1-12.4-2
Sec. 1.
(a) A township assessor receiving a Form RPID-1 from a property owner shall inform the county auditor of the following:(1) The real property eligible for the investment deduction as contained in the notice filed by the taxpayer.(2) The investment deduction amount.(b) The township assessor shall accomplish the tasks referenced in subsection (a) by doing the following: (1) Completing the township assessor's section of the RPID-Sec. 1.(2) Sending a duplicate of the completed form to the county auditor: (A) not later than July 1 of the assessment year; or(B) within thirty (30) days after receipt of a properly filed application; whichever is later.Department of Local Government Finance; 50 IAC 22-8-1; filed Jun 15, 2006, 11:25 a.m.: 20060712-IR-050050144FRA