Sec. 3. As used in this chapter, “property tax liability” means, for purposes of:

(1) this chapter, other than section 8.5 of this chapter, liability for the tax imposed on property under this article determined after application of all credits and deductions under this article or IC 6-3.6, except the credit under this chapter, but does not include any interest or penalty imposed under this article; and

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Terms Used In Indiana Code 6-1.1-20.6-3

(2) section 8.5 of this chapter, liability for the tax imposed on property under this article determined after application of all credits and deductions under this article or IC 6-3.6, including the credit granted by section 7 or 7.5 of this chapter, but not including the credit granted under section 8.5 of this chapter or any interest or penalty imposed under this article.

As added by P.L.246-2005, SEC.62. Amended by P.L.146-2008, SEC.219; P.L.197-2016, SEC.17.