Statutes, codes, and regulations
Indiana Administrative Code
Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCEArticle 26 - COMPUTER STANDARDS FOR A UNIFORM AND COMMON PROPERTY TAX MANAGEMENT SYSTEM
Rule 50 IAC 26-7 - Property Tax and Billing Calculation Standards
Section 50 IAC 26-7-5 - Investment deduction

50 Ind. Admin. Code 26-7-5

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Current through December 12, 2024
Section 50 IAC 26-7-5 - Investment deduction

Authority: IC 6-1.1-31-1; IC 6-1.1-31.5-3.5

Affected: IC 6-1.1-12.4; IC 6-1.1-31.5

Sec. 5.

Tax and billing software must be able to do the following:

(1) Calculate investment deductions in the manner prescribed under IC 6-1.1-12.4.
(2) Identify the following elements necessary for calculation of an investment deduction:
(A) Parcel or property receiving the deduction.
(B) The assessed value eligible to receive the deduction.
(C) The specific improvement to receive the deduction, if multiple improvements exist on a parcel receiving a deduction.

50 IAC 26-7-5

Department of Local Government Finance; 50 IAC 26-7-5; filed Jan 28, 2011, 3:07 p.m.: 20110223-IR-050100165FRA
Readopted filed 10/4/2024, 4:04 p.m.: 20241030-IR-050230833RFA