Indiana Code 6-1.1-12.4-5. Additional deductions for property prohibited
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Sec. 5. A property owner that qualifies for a deduction for a year under this chapter and another statute with respect to the same:
(2) personal property purchase;
(1) real property development, redevelopment, or rehabilitation; or
Terms Used In Indiana Code 6-1.1-12.4-5
- Property: includes personal and real property. See Indiana Code 1-1-4-5
- Statute: A law passed by a legislature.
- Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
may not receive a deduction under both statutes for the development, redevelopment, rehabilitation, or purchase for that year.
As added by P.L.193-2005, SEC.8.