Statutes, codes, and regulations
Indiana Administrative Code
Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCEArticle 25 - DEDUCTION FOR MODEL RESIDENCE
Rule 50 IAC 25-4 - Limitations on Model Residence Deduction
Section 50 IAC 25-4-1 - Limit of three model residence deductions

50 Ind. Admin. Code 25-4-1

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Current through December 12, 2024
Section 50 IAC 25-4-1 - Limit of three model residence deductions

Authority: IC 6-1.1-12.6-9

Affected: IC 6-1.1-12.6

Sec. 1.

(a) A property owner who is not an affiliated group as defined in 50 IAC 25-2-2 may not receive the deduction for more than three (3) model residences in Indiana for a particular assessment date.
(b) Owners of model residences who are part of an affiliated group as defined in 50 IAC 25-2-2 may not exceed an aggregate of three (3) model residence deductions for a particular assessment date.

50 IAC 25-4-1

Department of Local Government Finance; 50 IAC 25-4-1; filed Apr 15, 2009, 10:16 a.m.: 20090513-IR-050080755FRA