Sec. 45. (a) Tangible
personal property consisting of a sign that is manufactured for the Indiana department of transportation in order for the department to comply with
23 U.S.C. § 131 is exempt from
personal property taxation.
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Terms Used In Indiana Code 6-1.1-10-45
- Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
- Personal property: All property that is not real property.
- Personal property: includes goods, chattels, evidences of debt, and things in action. See Indiana Code 1-1-4-5
- Property: includes personal and real property. See Indiana Code 1-1-4-5
- Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
(c) The township or county assessor shall:
(1) review the exemption claim; and
(2) allow or deny the exemption claim in whole or in part.
The assessor’s action is subject to all the provisions of this article pertaining to notice, review, or appeal of personal property assessments.
(d) The township or county assessor shall reduce the assessed value of the owner’s personal property for the year for which the exemption is claimed by the amount of exemption allowed.
As added by P.L.257-2013, SEC.4.
