Statutes, codes, and regulations
Indiana Administrative Code
Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCEArticle 25 - DEDUCTION FOR MODEL RESIDENCE
Rule 50 IAC 25-5 - Change of Ownership
Section 50 IAC 25-5-1 - Application of the deduction upon change of ownership

50 Ind. Admin. Code 25-5-1

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Current through November 6, 2024
Section 50 IAC 25-5-1 - Application of the deduction upon change of ownership

Authority: IC 6-1.1-12.6-9

Affected: IC 6-1.1-12.6

Sec. 1.

If ownership of the model residence changes:

(1) a new owner that continues to use the property as a model residence may claim the deduction under this rule; and
(2) the deduction only applies for the assessment date to which the deduction would have applied had the ownership not changed.

50 IAC 25-5-1

Department of Local Government Finance; 50 IAC 25-5-1; filed Apr 15, 2009, 10:16 a.m.: 20090513-IR-050080755FRA