50 Ind. Admin. Code 28-5-2

Current through November 6, 2024

Section 50 IAC 28-5-2 - Obligation of owner of residence in inventory upon transfer of ownership

Authority: IC 6-1.1-12.8-8

Affected: IC 6-1.1-5.5; IC 6-1.1-12.8

Sec. 2.

An owner of residence in inventory who claims a residence in inventory deduction must provide to the county auditor a notice that:

(1) informs the auditor of a transfer of the ownership of the qualified residence in inventory; and

(2) indicates whether the new owner is eligible to receive a residence in inventory deduction.

The notice must be submitted to the county auditor at the same time that a sales disclosure form is filed under IC 6-1.1-5.5.

50 IAC 28-5-2

Department of Local Government Finance; 50 IAC 28-5-2; filed Sep 18, 2012, 2:20 p.m.: 20121017-IR-050120382FRA