Statutes, codes, and regulations
Indiana Administrative Code
Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCEArticle 4.2 - ASSESSMENT OF TANGIBLE PERSONAL PROPERTY
Rule 50 IAC 4.2-17 - Business Personal Property Exemption Filing Requirements
Section 50 IAC 4.2-17-1 - Business personal property exemption

50 Ind. Admin. Code 4.2-17-1

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Current through December 12, 2024
Section 50 IAC 4.2-17-1 - Business personal property exemption

Authority: IC 6-1.1-31-1

Affected: IC 6-1.1-3-7.2

Sec. 1.

(a) The business personal property tax exemption under IC 6-1.1-3-7.2 applies to old and new personal property located in an applicable county.
(b) In order to be eligible for the business personal property tax exemption under IC 6-1.1-3-7.2, the total acquisition cost of all business personal property must be below forty thousand dollars ($40,000) by the assessment date.
(c) The business personal property exemption only applies to taxpayers with a countywide business personal property cost of less than forty thousand dollars ($40,000).

50 IAC 4.2-17-1

Department of Local Government Finance; 50 IAC 4.2-17-1; filed 11/2/2020, 9:34 a.m.: 20201202-IR-050190636FRA